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UAE Introduces New VAT Conversion Rules for Cryptocurrency Payments

The UAE’s Federal Tax Authority (FTA) has introduced new rules explaining how businesses must convert cryptocurrency payments into UAE dirhams when declaring transactions in their Value Added Tax (VAT) returns.

UAE Introduces New VAT Conversion Rules for Cryptocurrency Payments

We haven't written up this one. ITP.net has the full story — the link below goes straight to it.

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