The UAE has abolished VAT on #cryptocurrency #ExchangeIndonesia and transfers

The United Arab Emirates has made a significant change by removing the 5% #VAT n most cryptocurrency transfers. This update in tax laws means that people can now exchange and transfer digital assets without worrying about extra costs. The new rules are set to take effect on November 15, 2024, making it easier for individuals and businesses to engage in cryptocurrency activities. This move is part of the UAE's ongoing efforts to create a friendly environment for digital assets.

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