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Learn morePublic clarification that VAT exemption extended to activities involving virtual assets does not apply to cryptocurrency mining
The Federal Tax Authority (FTA) on January 14, 2025, published guidance (VATP039) clarifying that cryptocurrency mining does not qualify for the value added tax (VAT) exemption extended under Cabinet Decision No. 100 of 2024 to certain activities involving virtual assets.
Read a January 2025 report prepared by the KPMG member firm in the UAE
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