Reported about 1 month ago
Dubai has updated its VAT regulations to exempt transactions related to digital assets, including cryptocurrencies, effective November 15, 2024. This move enhances Dubai's appeal for those in the crypto industry amidst uncertainty in the U.S. While individuals considering relocation should weigh the benefits against potential tax implications and lifestyle adjustments, the new regulations promise significant financial advantages for crypto transactions retroactive to January 1, 2018.
Source: YAHOO