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UAE Clarifies VAT Treatment of Cryptocurrency Mining

|Approved Changes|United Arab Emirates
United Arab Emirates

The UAE Federal Tax Authority issued VAT Public Clarification - VATP039 on 13 January 2025, which clarifies the treatment of cryptocurrency mining. The main points are summarized in the public clarification as follows:

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Summary

Crypto currency mining by a person for his own account is not a taxable supply and falls outside the scope of VAT.

Mining crypto currency on behalf of another p…

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