Cryptoassets VAT exemption confirmed – 0.1% transfer tax proposed No VAT on crypto transfers and regulated trading 0.1% transfer tax for individuals and nonresident institutions 20% corporate income tax for resident organisations Vietnam has taken a significant step toward formalising the tax treatment of cryptoassets
Federal Tax Authority: new definitions, exemptions but challenges remain The United Arab Emirates (UAE) Federal Tax Authority has provided guidance to address the taxation of virtual assets, offering businesses clearer guidance and new exemptions. The changes, which apply retroactively from January 1, 2018, are outlined
FTA details Value Added Tax liabilities for creation of bitcoin and similar cryptocurrencies. The Federal Tax Authority (FTA) of the United Arab Emirates (UAE) has issued a public clarification outlining the VAT treatment of cryptocurrency mining – covering digital currencies such as Bitcoin and Ethereum.
UAE introduces 2018 retrospective VAT exemption for crypto currencies and virtual assets The UAE Federal Tax Authority recently issued an updated version of the Executive Regulation of the Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT), reflecting changes in Cabinet Decision No.
Thai extends VAT exemption Thailand has extended the VAT exemption of cryptocurrencies such as Bitcoin. The new Royal Decree 788 came into force on 25 September 2024. It extends VAT exemptions for the transfer of digital tokens or cryptocurrencies via licensed dealers and brokers which
Internal Revenue Service confirms VAT on cryptocurrencies The Internal Revenue Service of Chile (SII) has confirmed the VAT liabilities on the trading of digital currencies such as bitcoin. Like many jurisdictions, trading of cryptocurrencies are treated as exempt from VAT. These digital currencies are considered an intangible.
