Martina
Sun Jun 09 2024
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7 answers
1164
Is crypto taxed in the UAE?｜The country offering zero income tax gives you the benefit of zero percent taxes on capital gain. Dubai views Crypto as an investment asset rather than a currency and charges zero capital gains tax on UAE residents.
Is cryptocurrency taxed in the United Arab Emirates? It's a question that many investors and crypto enthusiasts are keen to know the answer to. Given that the UAE offers the advantage of zero income tax, does this extend to capital gains as well? Dubai, a key hub within the Emirates, views cryptocurrency as an investment asset, rather than a currency. This classification is significant as it suggests that crypto transactions may not be taxed as strictly as traditional currencies. So, does this mean that UAE residents enjoy zero capital gains tax on their crypto investments? It's a fascinating topic that deserves further exploration.
