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Understanding VAT Treatment of Cryptocurrency Mining by Federal Tax Authority

  • Federal Tax Authority clarifies VAT treatment of cryptocurrency mining
  • VAT will not be imposed on cryptocurrency mining activities
  • Tax authority issues clarification to provide guidance to businesses involved in mining
  • Decision aims to support growth of digital economy in UAE

Source: research.ibfd.org

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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