In the UAE, VAT applies to goods and services exchanged for cryptocurrency, treating these transactions as barter. Businesses accepting cryptocurrency must calculate VAT based on the fiat value (in ...

DUBAI, May 11 (Reuters) - The UAE has no plans to increase its value-added tax rate, its finance minister told Al Arabiya TV on Monday, after Saudi Arabia said it would triple its rate. Saudi Arabia ...

The UAE has issued new changes Value Added Tax (VAT) rules, introducing measures that tighten governance, streamline procedures and enhance compliance. The revised rules—effective January 1, 2026—aim ...

The UAE approved amendments to corporate tax, VAT, and company laws, clarifying tax credits, easing VAT rules, and updating corporate structures/Representative Image The UAE has introduced a set of ...

Oman's Tax Authority has introduced a three-point plan to eliminate double taxation on UAE imports, effective October 13, 2025. This clarification allows Omani businesses to zero-rate UAE imports, ...

The UAE has exempted cryptocurrency transfers and conversions from value-added tax, positioning itself as a more crypto-friendly jurisdiction for digital asset transactions. Amendments to value-added ...

Aim is to make the tax system easier to use and made in line with international standards Dubai: The UAE’s Ministry of Finance has issued a new federal decree, which updates parts of the UAE’s VAT law ...

In an effort to transition their economies away from oil dependency, Saudi Arabia and the UAE have introduced VAT on various goods and services The Gulf states will now impose a five percent tax on ...

From major economic shifts to life-changing lottery wins, this week’s headlines capture the UAE at its most dynamic. A new federal decree will update VAT rules from January 1, 2026, while a Dh25 ...