Tax Issues for Cryptocurrency-Related Businesses in Bahrain and the United Arab Emirates – The Two Hotbed Crypto Jurisdictions in Middle East

Journal
Krstic, M.; Vanhee, T.; Chablani, V.
Bahrain; United Arab Emirates
Finance and Capital Markets (formerly Derivatives & Financial Instruments) 2022 (Volume 23), No. 2
FormatPDF
EUR
40
| USD
45
(VAT excl.)

This article provides a legislative overview of the taxation of cryptocurrency in Bahrain and the United Arab Emirates (UAE). It examines the VAT treatment of cryptocurrency in both countries and the potential corporate income tax, and transfer pricing (TP) treatment in the UAE. Furthermore, the article gives a brief overview of the cryptocurrency regulatory framework in both countries.