VATupdate

VAT applicable for services provided by artists, influencers, says Federal Tax Authority

The announcement was shared in the latest Basic Tax Information Bulletin issued by FTA. Tax applies to services like promoting product in blog, video. f an artist or SMI incurs any cost to make a supply and subsequently recovers the cost from its client, such reimbursement also falls within the scope of VAT in the UAE, the basic tax information bulletin issued by the FTA on the tax treatment of services by artists and SMIs, read.

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