The UAE Federal Tax Authority issued VAT Public Clarification - VATP039 on 13 January 2025, which clarifies the treatment of cryptocurrency mining. The main points are summarized in the public clarification as follows: --- Summary Crypto currency mining by a person for his own account is not a taxable supply and falls outside the scope of VAT. Mining crypto currency on behalf of another person, i.e. supplying computational power, is considered to be a taxable supply of services. Input tax incurred on expenses by a person mining for his own account would not be recoverable as the person would not...