Everything You Need to Know About Tax on Cryptocurrency in Dubai, UAE | Dubai Crypto Tax Guide 2024
The UAE came forth with VAT or Value Added Tax at a standardized tax rate of only 5% in the tax year 2018. This alteration marked a major shift in the place’s tax landscape, having an impact on both businesses as well as consumers. Federal taxes remain pre-set at 0 for companies that are exclusively involved in the realm of cryptocurrency trading or those that are receiving crypto assets in the form of payments.