Implementation of UAE VAT in Artists and Influencers

Artists and Influencers – get the best VAT consultants in UAE

As social media platforms are gaining more attention these days, there has been a significant increase in the professionals who recognize themselves as artists or influencers. With far reaching attention, the social media influencers have taken branding into storm in the platforms like Facebook, Instagram, Tik Tok, Twitter, YouTube, and LinkedIn. Social media influencers in UAE have been making fame and profit by extending b endorsing brands among millions of followers.

Social media influencers in Dubai have been overlooking their VAT obligations until new guidelines were issued by the Federal tax authority (FTA). Considering the evolving promotional activities offered by artists and influencers, FTA recently issued a statement detailing the VAT implications on their services. As per the FTA rules, calculative VAT rate is applicable on taxable supplies made by the influencers and artists. Hence, these artists approach the best VAT consultants in Dubai to handle their tax requirements and make it critical to move on. Read more here https://www.aaconsultancy.ae/implementation-of-uae...