• Blog
    18 Mar

    MINISTRY OF ECONOMY LAUNCHES CAMPAIGN TO COMBAT (AML)

    The Ministry of Economy (MoE) announced the launch of an awareness and monitoring campaign for the Designated Non-Financial Businesses and Professions (DNFBPs) registered in the UAE to register in the system of Financial Intelligence Unit (goAML). The campaign also encourages these target groups to register in the system of Committee for Commodities Subject to Import and Export Control (Automatic Reporting System for Sanctions Lists), and to adopt measures related to both, stipulated by the

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  • Blog
    18 Mar

    VAT APPLICABLE FOR SERVICES PROVIDED BY ARTISTS, INFLUENCERS

    Dubai: The Federal Tax Authority (FTA) said that supplies provided by artists and social media influencers for consideration are subject to Value Added Tax (VAT).   VAT applies 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

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