- The FTA of the UAE issued a public clarification on VAT treatment of cryptocurrency mining
- The clarification covers digital currencies like Bitcoin and Ethereum
- It provides guidance on classification of activities related to cryptocurrency mining
- It also explains the VAT implications within the UAE
Source: vatcalc.com
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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