UAE Tax authority to levy VAT from Crypto mining service providers

The Federal Tax Authority (FTA) of the United Arab Emirates (UAE) issued a clarification regarding VAT (Value Added Tax) for those dealing in cryptocurrency mining. As per the clarification, individuals who are crypto mining for themselves will not incur a VAT tax; however, if they are mining for others offering it as a service, they […] source: https://www.cryptopolitan.com/uae-tax-authority-to-levy-vat-from-crypto-mining-service-providers/