United Arab Emirates: Amended executive regulation of the federal decree-law No. 8 of 2017 on value added tax exempting cryptocurrency transfers and conversions from value-added tax

Progress

Current status
adopted
15 Nov 2024 in force
06 Sep 2024 adopted

Scope

Implementers
United Arab Emirates
Policy Area
Taxation
Policy Instrument
Indirect taxes
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central government
Implementation Level
national

Timeline of events

15 Nov 2024
in force

Implemented amended executive regulation of the federal decree-law No. 8 of 2017 on value added tax exempting cryptocurrency transfers and conversions from value-added tax

On 15 November 2024, the amended executive regulation of the federal decree-law No. 8 of 2017 on value-added tax (VAT) exempting cryptocurrency transfers and conversions from value-added tax enters into force. The amended regulation provides additio…

Source
Event type order
Action type implementation
Government branch executive
Government body central government
06 Sep 2024
adopted

Adopted amended executive regulation of the federal decree-law No. 8 of 2017 on value added tax exempting cryptocurrency transfers and conversions from value-added tax

On 6 September 2024, the Cabinet of the United Arab Emirates adopted the amended executive regulation of the federal decree-law No. 8 of 2017 on value-added tax (VAT), exempting cryptocurrency transfers and conversions from value-added tax. The amen…

Source
Event type order
Action type adoption
Government branch executive
Government body central government