vat registration uae

1. VAT Applicable for Services Provided by the Artists VAT Applicable for Services Provided by the Artists and Influencers in UAE and Influencers in UAE Artists and influencers in the United Arab Emirates will not be exempted from VAT. The FTA has come up with a new rule that discusses the applicability of the VAT on the artists and influencers. If you are confused how to apply for VAT registration in UAE then you should take a consultation with thevatconsultant. SMIs and artists who are engaged in any sort of promotional or marketing activities in return for a remuneration be it a mention in their videos, blogs, posts or they are promoting a business through their social media. Any sort of physical appearance or even providing the access to the SMIs social handles are applicable for VAT. In the bulletin it is clearly stated that any reimbursement of cost incurred by the artists or SMI for providing the services, then VAT registration will be applicable on them. The statement in the rule also read - UAE based artists and SMIs who make taxable supplies(that include zero rated supplies) in UAE are required to register themself for VAT provided the value of their taxable supplies and imports in the last 12 months exceeded or is expected to exceed in the next 30 days. There is a mandatory registration threshold of Dhs375,000. It is mandatory in UAE to do VAT registration if you run a firm, company or any kind of business. Artists of any kind who offer some kind of promotional services in their personal capacity are included in the list. The decision of imposing the value added tax on SMIs and artists will be beneficial to the country as it will bring in added income. The promotional activities or services for businesses by an artist or SMI have become a trend as it has a wider audience and reach. The economy of the country will improve even more with the recent addition to VAT. Contact Details: Website URL:- https://thevatconsultant.com/vat-services-vat-registration-services-uae/