Crypto accounting and tax services in the UAE
Crypto touches every part of the accounts: classification under IFRS, wallet reconciliations, Corporate Tax timing and the VAT exemption. We set up the policy, keep the books monthly and build the tax position on the same numbers.
What we cover
- Accounting policy. Each type of token classified under IFRS — intangible asset, inventory or, for some stablecoins, a financial asset — and the policy agreed with your auditor.
- Monthly books. Wallet and exchange data reconciled to the ledger, swaps, fees and staking income recorded, with a fixed price source and cut-off time.
- Corporate Tax. Taxable income built from the accounts, the realisation election considered before your first return, and the free zone position tested.
- VAT. Revenue split between exempt virtual asset supplies and taxable fees, input tax apportioned, and digital currency converted to AED using the FTA's method.
Our two detailed guides explain the rules: accounting for crypto in the UAE and crypto and UAE tax.
How we help beyond the books
- Audit-ready files — reconciliations, price evidence and draft disclosures — prepared for your independent auditor.
- Cross-border experience for founders' wallets, group companies and transfers abroad, valued at arm's length.
- Support with FTA queries, voluntary disclosures and penalty matters, and catch-up work for earlier years.
Sources: IFRS Interpretations Committee agenda decision Holdings of Cryptocurrencies (June 2019); Federal Decree-Law No. 47 of 2022 on Corporate Tax (Article 20); Cabinet Decision No. 100 of 2024 and FTA Public Clarification VATP040; FTA Directive on Tax Transactions No. 3 of 2026.
Frequently asked questions
Is crypto treated as cash in the accounts?
No. Under IFRS, cryptocurrency held directly is generally an intangible asset, or inventory if held for sale in the ordinary course of business.
Is buying and selling crypto subject to VAT?
The transfer and conversion of virtual assets is exempt from VAT, but explicit fees such as brokerage or custody fees are generally taxable.
Do unrealised crypto gains get taxed?
It depends on the accounting treatment and on whether the company made the realisation election in its first tax period. We model the position before your first return.
Ready to hand over your books and returns?
Tell us about your company and we'll send a fixed-fee proposal within one business day.