On Jan 14th of 2025, Federal Tax Authority (FTA) have issued VAT public clarification (VATP039) on VAT implication on Crypto Currency Mining. As we all witnessing rise of popularity of crypto currency, FTA have given the clarification on the VAT treatment on Crypto currency mining.
On Apr 14th of 2025, Federal Tax Authority (FTA) have issued VAT public clarification (VATP041) on VAT implication on Swift Message replacing the previous VATP036. UAE Banks and exchange houses (“Financial Institutions” or “FI”)
These updates also underscore the UAE’s commitment to fostering a robust, transparent, and future-ready tax environment that supports innovation while ensuring fiscal integrity.