International Holding Company reports Dh3 billion net profits driven by acquisitions

Abu Dhabi: Abu Dhabi-based strategic investment company International Holding Company PJSC (IHC)  has reported a net profit of Dh3 billion for 2020, a six-fold, year-on-year increase, driven by a series of acquisitions as well as organic growth across its diversified portfolio. In its fully audited financial statements for the full year 2020, published on 4th […]

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

Dubai: The Federal Tax Authority (FTA) said on Sunday 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 […]