Our dedicated team is always with you to decode the hidden opportunities and utilize it on time to make your business prosper and beat the prevailing competition
In the era of innovative ideas, get your firm the best accounting solutions from the innovative professionals at CDA as per your requirements.
Get high quality services from professionals who provide personalized services to the clients and maintain their accounts in the standard and impressive form.
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As the cryptocurrency has an acquisition cost, it meets the criteria of being an intangible asset. Hence, it is considered an intangible asset.
CDA follows all the guidelines laid out by the concerned regulatory authorities, Reconciliations and other related tasks are performed as per the asset classification, i.e., intangible assets. CDA reports all the gains and losses along with maintaining the record of transactions, either at the point of sale or trade.
No, as of the present scenario, there is no income tax in UAE other than VAT, so cryptocurrency won’t be taxed in Dubai, UAE.
With the permission of VARA, it is legal to trade in Virtual Assets like Cryptocurrency.
It is considered an intangible asset as it meets the requirements stated in IAS 38, hence, it is an asset.
Reach out to Dubai's most reliable Crypto Accounting Services in Dubai, UAE