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HomeCrypto NewsUnited Arab Emirates (UAE) Exempts Crypto Transactions From Value Added Tax (VAT)

United Arab Emirates (UAE) Exempts Crypto Transactions From Value Added Tax (VAT)

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“The UAE has essentially classified virtual assets in the same bucket as traditional financial services – several of which are already exempt from VAT. This legitimizes VAs,” said Ankita Dhawan, a senior associate at Métis Institute, a dispute resolution think tank.

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