The photo has been used for illustrative purpose.
The Federal Tax Authority (FTA) has clarified in a bulletin that services provided by artists and social media influencers (SMIs) for consideration are subject to Value Added Tax.
The bulletin outlines that VAT applies to such services provided by artists and social media influencers that include, but are not limited to, any online promotional activities performed on behalf of other businesses for a consideration, such as promoting a product in a blog or a video or otherwise promoting a business on a social media post, any physical appearances; marketing and advertising related activities; providing access to any social media influencers’ networks on social media, and any other services that the SMIs may provide for a consideration.
This announcement was shared in the latest Basic Tax Information Bulletin issued by the FTA on the tax treatment of services provided by artists and social media influencers.
The bulletin clarified that if an artist or influencer incurs any costs in providing a service and subsequently recovers that cost from its client, such reimbursement falls within the scope of VAT in the UAE.
Organised virtually by the Dubai Press Club, in adherence with COVID-19 precautionary protocols, the 2020 edition of the Arab Media Forum brought together prominent industry leaders to discuss the outlook for the region’s media sector.
UAE-based Artificial Intelligence Journalism for Research and Forecasting (AIJRF) has issued a new book titled Globalization 4.0: The Future of Media in the Age of 7G Journalism, Intelligence-Integrated Public Relations Model by the academic and Artificial Intelligence Journalism pioneer Dr. Mohamed Abdulzaher.
Hamid Mir took to Twitter on Wednesday, saying he apologised over his remarks before a journalists' local union that defended him since Geo News TV removed him in May as the host of his talk show "Capital Talk."
Fifty-seven per cent of board members are UAE nationals. The new board includes 23 founders, CEOs and chairpersons with leadership experience in 15 countries across 5 continents.
Dubai Electricity and Water Authority (Dewa) has commissioned three new substations with a conversion capacity of 450 megavolt-amperes (MVA) in addition to 132 kV ground cables that extend on 35 kilometres
Business activity in the eurozone shot ahead at its fastest rate in 21 years in July, a closely watched survey said on Friday, as the economy went into full throttle with loosened Covid-19 restrictions.