Farcaster

The UAE’s recent decision to exempt cryptocurrencies and digital assets from VAT law marks a pivotal shift in the nation’s stance toward crypto. As a regional leader in financial innovation, the UAE has long been building a foundation to attract fintech and crypto firms, and these amendments only add to its appeal.

The regulatory clarity provided by the Federal Tax Authority (FTA) sets the stage for the UAE to emerge as a global crypto hub. Businesses are now assured of a supportive, predictable environment for their operations.

To unpack the real impact of these changes, we spoke with Justin Whitehouse, Managing Director and Head of Middle East Indirect Taxes at Alvarez and Marsal.