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UAE Joins Global Crypto Tax Pact, Opens Consultation

UAE Joins Global Crypto Tax Pact, Opens Consultation

Catenaa, Thursday, September 25, 2025- The United Arab Emirates has signed on to automatic crypto tax reporting with global authorities, committing to implement new rules under the OECD’s Crypto-Asset Reporting Framework by 2027.

The first exchanges of tax information with international partners are expected in 2028, the Ministry of Finance announced Sunday.

The move aligns the UAE with global tax transparency standards while reinforcing its position as a digital asset hub.

The framework, developed in 2023, mandates cross-border sharing of tax-related data on crypto activities, requiring firms to report transactions to regulators.

To shape the rollout, the Ministry launched an eight-week public consultation on Sept. 15, inviting crypto companies and service providers to weigh in on compliance requirements and potential impacts.

The consultation closes Nov. 8, with the aim of producing regulations that meet both global standards and market needs.

Officials said the framework is designed to give legal clarity to crypto activities while ensuring compliance with global reporting standards.

Industry experts welcomed the move, saying it will boost investor confidence, attract institutional players, and create a fairer marketplace, though firms will face higher compliance costs.

The agreement follows other pro-crypto measures by the Emirates, including the exemption of crypto transactions from value-added tax in 2024 and Dubai’s introduction of clear rules for Web3 firms.

Analysts view the consultation as a step toward balancing regulatory alignment with fostering continued growth in the UAE’s fast-evolving digital economy.