Implementation of VAT on artists & influencers in Dubai


 

Artists are those people who utilize their personal capacities such as dancers, performers, singers, stage artists, DJs, poets, songwriters, or people who carry out any other activities. Social media influencers are the ones who provide their services using social media to promote the brand’s products and services. Those You tubers and bloggers are potential influencers who make taxable supplies and applicable to follow the VAT charge. The Chartered accountant firms in Dubai organize the income-making necessary solutions to handle artists and influencers’ taxable supplies as per the Dubai VAT laws. They get tremendous support from such accounting firms in Dubai.

Normal rules are applied to artists by FTA to determine the VAT obligations. VAT rates are applicable only if tax supplies are appropriate.

In the case of influencers, Vat consultancy services in Dubai include:

  • Online promotional activities performed in return for payment, featuring the product in the video, promotion of a product through the blog, and endorsing business through social media
  • Their Physical appearance while promoting a business, involving in other advertising or marketing activities.
  • Providing proper access to the social media page of influencers.
  • Services provided by influencers for consideration, any artists or influencers need to do VAT return filing with the help of the best-Chartered accountant firms in Dubai, periodic returns with FTA can be also filed with their help. During the registration process, the frequency of such filing VAT returns will be instructed as per the FTA.
  • Influencers and artists are recommended to assess their VAT obligations and clarify the applicability of tax on the services they provide. It is mandatory to get assistance from FTA-registered VAT consultants in Dubai as many artists and influencers overlook their VAT obligations.
  • As Tgs Koya provides the best Vat consultancy services in Dubai they guide artists or influencers through VAT registration, VAT accounting, record-keeping, and VAT returns filing, etc.

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