Abstract

This article provides a legislative overview of the taxation of cryptocurrency in Bahrain and the United Arab Emirates (UAE). It examines the VATIn addition, the article also includes a brief explanation on other possible indirect tax implications for cryptocurrencies. treatment of cryptocurrency in both countries and the potential corporate income tax,In addition, the article also provides a brief explanation on the current absence of a personal income tax in the GCC countries and the consequences for corporate income tax purposes for individuals establishing cryptocurrencies’ businesses. and transfer pricing (TP) treatment in the UAE. Furthermore, the article gives a brief overview of the cryptocurrency regulatory framework in both countries.

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