Good News for Crypto Coins from the United Arab Emirates (UAE)

CoinMarketCap

2024-10-07

The United Arab Emirates Federal Tax Administration (FTA) has announced significant changes to the country’s Value Added Tax (VAT) regulations, introducing VAT exemptions for virtual assets, including cryptocurrencies.

The changes were published on 2 October 2024 and will apply retroactively from 1 January 2018, allowing businesses dealing with virtual assets to reclaim VAT they have previously paid.

These changes are part of broader amendments to the Executive Regulation of Federal Legislative Decree No. 8 of 2017 on VAT, following the Council of Ministers Decree No. 100 of 2024. The new rules will enter into force on 15 November 2024 and aim to increase clarity regarding the VAT treatment of various services, including those involving digital assets.

Related News: Who is Len Sassaman, Alleged Satoshi Nakamoto? Here's All You Need to Know

The FTA urged businesses in the virtual asset space to carefully analyse the impact of VAT exemptions on their operations, particularly in relation to input tax recovery. Companies may be required to make voluntary declarations to correct past VAT refunds.

*This is not investment advice.

Continue Reading: Good News for Crypto Coins from the United Arab Emirates (UAE)

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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Companies may be required to make voluntary declarations to correct past VAT refunds.</p>\n<p>*This is not investment advice.</p>\n<p><b> Continue Reading: Good News for Crypto Coins from the United Arab Emirates (UAE)</b></p></body></html>","source":"coinmarketcap_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Good News for Crypto Coins from the United Arab Emirates (UAE)</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGood News for Crypto Coins from the United Arab Emirates (UAE)\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CoinMarketCap</strong><span class=\"h-time small\">2024-10-07 14:39</span>\n</p>\n</h4>\n</header>\n<article>\n<html><body><p>The United Arab Emirates Federal Tax Administration (FTA) has announced significant changes to the country’s Value Added Tax (VAT) regulations, introducing VAT exemptions for virtual assets, including cryptocurrencies.</p>\n<p>The changes were published on 2 October 2024 and will apply retroactively from 1 January 2018, allowing businesses dealing with virtual assets to reclaim VAT they have previously paid.</p>\n<p>These changes are part of broader amendments to the Executive Regulation of Federal Legislative Decree No. 8 of 2017 on VAT, following the Council of Ministers Decree No. 100 of 2024. The new rules will enter into force on 15 November 2024 and aim to increase clarity regarding the VAT treatment of various services, including those involving digital assets.</p>\n<p><b>Related News: Who is Len Sassaman, Alleged Satoshi Nakamoto? Here's All You Need to Know</b></p>\n<p>The FTA urged businesses in the virtual asset space to carefully analyse the impact of VAT exemptions on their operations, particularly in relation to input tax recovery. Companies may be required to make voluntary declarations to correct past VAT refunds.</p>\n<p>*This is not investment advice.</p>\n<p><b> Continue Reading: Good News for Crypto Coins from the United Arab Emirates (UAE)</b></p></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://coinmarketcap.com/community/articles/6703821d5c066437d29192cc/\">CoinMarketCap</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"區域性銀行","start_time":0,"source_url":"https://coinmarketcap.com/community/articles/6703821d5c066437d29192cc/","article_id":"2473415128","we_media_id":null,"thumbnails":["https://academy-public.coinmarketcap.com/srd-optimized-uploads/afd4173d361b42bebb824d1f0aa148ac.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473415128","pubTimestamp":1728283163,"columns":[],"sourceInfo":{"source_id":"coinmarketcap_highlight","name":"CoinMarketCap"},"weMediaInfo":null,"summary":"The United Arab Emirates Federal Tax Administration  has announced significant changes to the country’s Value Added Tax  regulations, introducing VAT exemptions for virtual assets, including cryptocurrencies.The changes were published on 2 October 2024 and will apply retroactively from 1 January 2018, allowing businesses dealing with virtual assets to reclaim VAT they have previously paid.These changes are part of broader amendments to the Executive Regulation of Federal Legislative Decree No. 8 of 2017 on VAT, following the Council of Ministers Decree No. 100 of 2024. The new rules will enter into force on 15 November 2024 and aim to increase clarity regarding the VAT treatment of various services, including those involving digital assets.Related News: Who is Len Sassaman, Alleged Satoshi Nakamoto?The FTA urged businesses in the virtual asset space to carefully analyse the impact of VAT exemptions on their operations, particularly in relation to input tax recovery. Companies may be re","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4211":"区域性银行","FTA":"First Trust Large Cap Value AlphaDEX Fund","UBCP":"联合合众银行","UAE":"iShares MSCI UAE ETF"},"translate_title":"来自阿拉伯联合酋长国(UAE)的加密货币的好消息","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FTA":1,"UAE":1,"UBCP":1},"content_text":"The United Arab Emirates Federal Tax Administration (FTA) has announced significant changes to the country’s Value Added Tax (VAT) regulations, introducing VAT exemptions for virtual assets, including cryptocurrencies.\nThe changes were published on 2 October 2024 and will apply retroactively from 1 January 2018, allowing businesses dealing with virtual assets to reclaim VAT they have previously paid.\nThese changes are part of broader amendments to the Executive Regulation of Federal Legislative Decree No. 8 of 2017 on VAT, following the Council of Ministers Decree No. 100 of 2024. The new rules will enter into force on 15 November 2024 and aim to increase clarity regarding the VAT treatment of various services, including those involving digital assets.\nRelated News: Who is Len Sassaman, Alleged Satoshi Nakamoto? Here's All You Need to Know\nThe FTA urged businesses in the virtual asset space to carefully analyse the impact of VAT exemptions on their operations, particularly in relation to input tax recovery. Companies may be required to make voluntary declarations to correct past VAT refunds.\n*This is not investment advice.\n Continue Reading: Good News for Crypto Coins from the United Arab Emirates (UAE)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}