UAE introduces new VAT rules requiring crypto payments to be reported in AED
The UAE has rolled out new VAT rules for business crypto payments, requiring crypto payments to be reported in AED and exchange-rate records to be maintained. Binance, Bybit, Deribit, Bitget, and Payward are among the approved platforms for determining average exchange rates.
Detected & updated continuously · Source: Nebula
Sources
@TRanjanofficial
🇦🇪 UAE TIGHTENS CRYPTO VAT RULES! » Crypto payments must be reported in AED » Exchange-rate records now mandatory » Approved: @Binance @Bybit @Deribit @Bitget @Kraken
@EyeWhales
BREAKING: 🇦🇪 UAE rolls out new VAT rules for business crypto payments, with Binance, Bybit, Deribit, Bitget and Payward among the approved platforms. https://t.co/SPh12bXOeq
@cryptoamanclub
🇦🇪 UAE TIGHTENS CRYPTO VAT RULES! » Crypto payments must be reported in AED » Exchange-rate records now mandatory » Approved: @Binance @Bybit @Deribit @Bitget @Kraken https://t.co/wLnPOqEb3Y
@CryptoNewsHntrs
🚨 UAE NEW CRYPTO VAT RULES BUSINESSES MUST CONVERT CRYPTO PAYMENTS TO DIRHAMS FOR TAX RETURNS. USE AVERAGE RATE FROM 3 APPROVED PLATFORMS: BINANCE • BYBIT • DERIBIT • BITGET • PAYWARD https://t.co/bIf8FvXDi8