Источник Bitcoinist.com
Заголовок UAE Removes VAT On Cryptocurrency Transfers And Conversions
Дата 20241007

Этим цветом    обозначаются известные системе слова и выражения, принимавшие участие в анализе данного текста, а таким    - идентифицированные, то есть соотнесенные с каким-либо объектом онтологической базы

============= Обработанный текст:
UAE Removes VAT On Cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта Transfers And Conversions

UAE Removes VAT On Cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта Transfers And Conversions

by Christian Encila

3 mins ago

in Crypto News

0

The UAE has made a serious commitment to make it increasingly attractive as a
global cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта hub by announcing a massive tax exemption. Starting
November 15, 2024, all transactions involved in cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта exchange and
conversion will be exempted from Value Added Tax. It aims at attracting both
individual investors and institutional players who seek tax-friendly
environments, according to a statement issued by the Federal Tax Authority.

Related Reading: Tether• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Tether Marks 10th Anniversary With Teaser For USDT
Documentary

Crypto Transactions: New Regulations

New law seems to break the previous traditions where crypto transactions were
taxed at 5% VAT . The tax was considered an entry barrier for most potential
investors and businesses in the rapidly changing digital asset space. With the
removal of such taxation, the UAE is not merely opening the processes for the
current users but also inviting newcomers to explore the space.

BULLISH!!

🇦🇪 UAE ELIMINATES VAT (VALUE-ADDED TAX) FOR ALL CRYPTO TRANSFERS.

THIS IS HUGE FOR PEOPLE AND COMPANIES DEALING WITH DIGITAL ASSETS!

DON T YOU DARE SAY YOU RE BEARISH. pic.twitter.com/5HlzKl6wcT

— Kyle Chassé / DD🐸 (@kyle_chasse) October 6, 2024

The FTA declared, The UAE has exempted cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта transfers and
conversions from value-added tax, positioning itself as a more crypto-friendly
jurisdiction for digital asset transactions. This forward-looking
measure sets to boost the sector and further position the UAE as a forerunner
in blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн

• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
innovation.

Benefits For Businesses And Investors

One of the most exciting aspects of this policy is its retroactive nature.
This, therefore, means that individuals and businesses that have been paying
VAT on cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта transactions from January 1, 2018 could now claim some
of these refunds.

Total crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта cap at $2.14 trillion on the 24-hour chart:
TradingView.com

The amount could be a huge windfall for those who have been active in the
crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
over the last few years. Given the impact of these
amendments on a firm s VAT position, companies could recover a lot of
tax paid in the past, notes business• Экономика » Бизнес consultancy firm PwC.

The exemption extends beyond transfers and conversions to investment fund
management and virtual asset ownership transfers. This will certainly attract
crypto exchanges and entrepreneurs to the UAE and boost its digital economy.

Image: YourDictionary

Related Reading: Crypto Influencer Ansem Called Out By ZachXBT For Scam
Tactics

UAE: Setting A Precedent In The Region

The UAE makes this move at a time when many other countries are still trying
to find a way to regulate cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта. While some of these countries,
such as China and India, have taken more controlling measures, the UAE is
acting to create conditions favorable to innovation and investment and to keep
up with an already thriving tax culture.

This move may create a new benchmark for other countries to follow in similar
tax reforms. Given that competition for crypto investment is heating up around
the world, policies like these from the UAE can then reflect on the homework
done by other countries.

Featured image from Arabian Post, chart from TradingView

============= Итог: 8,6574 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Блокчейн 4,6787 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Tether 1,4219 ; Экономика#Бизнес 3,3660 ; Информационные технологии#Информационно-коммуникационные технологии #Информационные технологии и телекоммуникации#Базы данных #Публичная база транзакций#Блокчейн#Криптовалюта


Copyright © 2007-2024 ООО «RelTeam»