Auto Added by WPeMatico

UAE Introduces Retroactive VAT Exemptions for Crypto Transactions

The United Arab Emirates has introduced VAT amendments that impact crypto transactions, redefining tax obligations for companies in the digital asset space. Under the new rules, businesses dealing with cryptocurrencies…

Continue ReadingUAE Introduces Retroactive VAT Exemptions for Crypto Transactions

Thailand Exempts Crypto Transfers From VAT Until End of 2023

Authorities in Thailand have formally introduced a value-added tax (VAT) exemption for transfers of cryptocurrencies through government-approved exchanges. The tax break, in force until the end of next year, will…

Continue ReadingThailand Exempts Crypto Transfers From VAT Until End of 2023

Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining

Authorities in Kazakhstan are discussing new regulations for the country’s crypto space that may lead to a serious increase in the tax burden on the mining business. Among the proposed…

Continue ReadingKazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining