The cultural and creative sectors will play a key role in the UAE's development over the next 50 years, say two senior government ministers.
Appearing as part of the World Creative Conference on Economy at Expo 2020 Dubai on Wednesday, Minister of Culture and Youth, Noura Al Kaabi, and Minister of Economy, Abdulla bin Touq Al Marri, shed more light on the UAE’s 10-year National Strategy for the Cultural and Creative Industries, which was launched last week by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai.
Al Kaabi said the landmark move was the result of an 18-month consultation process including government ministries, and the public and private sectors.
"The strategy encompasses natural and cultural heritage, audiovisual and interactive media, books and the press, design, creative services and celebrations," she told panel moderator and The National's editor-in-chief Mina Al-Oraibi. She also said that each of the aforementioned "key pillars" are divided into various subsectors encompassing up to 90 separate cultural and creative fields.
A major aim of the policy framework, Al Marri said, is to place the UAE in a strong future economic position.
“Over the last 50 years the UAE transformed from seaports to airports and what I can describe today as a 'brainport', in that we are looking at ways to keep attracting creative industries and talented people,” he said. “It is said that the fuel for economies is data, but really it is talent and what we need to keep growing is more talent.”
The strategy aims to do that, Al Marri said, by evolving the UAE’s creative industries through a mix of infrastructure and providing strong intellectual protection rights.
Over the last 50 years the UAE transformed from seaports to airports and what I can describe today as a 'brainport', in that we are looking at ways to keep attracting creative industries and talented people
Abdulla bin Touq Al Marri,
Minister of Economy
When it comes to the former, Al Marri explained that this is done through a growing number of completed infrastructure projects, including various media zones such as Abu Dhabi’s twofour54 and cultural hubs such as Louvre Abu Dhabi, Dubai’s Museum of the Future and the new Khor Fakkan Amphitheatre in Sharjah.
“The creative economy also needs people to feel a sense of ownership and over the last 18 months we looked at many legal reforms and building the right legal framework for that,” he said.
“And the cherry on top, I would say, is the freelance visa which can grant you a residency permit and you don't need a sponsor or to work for a company, for example, to open a bank account or get a [phone] card.”
Al Kaabi said under the strategy, the Culture and Youth Ministry will collaborate with the education counterpart to infuse a deeper and nuanced understanding of arts and culture in children from an early age.
"From early childhood education to high school, we need to embed what culture and what the creative industry is," she said. "It's about us understanding that these industries are part of our lives and can be a future job instead of the classic sectors that we knew of 10 years ago.”
While instruments are being developed to track the strategy’s aim to elevate the cultural and creative industries to rank among the top 10 most important in the UAE, Al Kaabi said the intangible effects are also important.
Whether influencing a paradigm shift in families to allow the next generation to enter the creative industry to employing well rounded talent, exposure to arts and culture can yield countless benefits.
“And this is one of the things that we learnt from the pandemic,” she said. “We learnt the importance and the appreciation of having art in our lives.”
This is a sentiment also shared by Department of Culture and Tourism – Abu Dhabi chairman Mohamed Al Mubarak in the conference's opening remarks. As well as the economic benefits on offer, he said the culture and creative industries effect on society is priceless.
"They enhance personal and community well-being and have a phenomenal power on liability and quality of life,” he said.
"They have become essential for supporting inclusive economic growth and advancing societies’ sustainable development, protecting and promoting the diversity of cultural expressions.”
The World Conference on Creative Economy runs until December 9 at the Dubai Exhibition Centre, Expo 2020 Dubai. For more information, go to wcce.ae
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Power: 220 and 280 horsepower
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Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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Our legal columnist
Name: Yousef Al Bahar
Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994
Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers
How to wear a kandura
Dos
- Wear the right fabric for the right season and occasion
- Always ask for the dress code if you don’t know
- Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work
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Other workplace saving schemes
- The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
- Dubai’s savings retirement scheme for foreign employees working in the emirate’s government and public sector came into effect in 2022.
- National Bonds unveiled a Golden Pension Scheme in 2022 to help private-sector foreign employees with their financial planning.
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PREMIER LEAGUE FIXTURES
Saturday (UAE kick-off times)
Watford v Leicester City (3.30pm)
Brighton v Arsenal (6pm)
West Ham v Wolves (8.30pm)
Bournemouth v Crystal Palace (10.45pm)
Sunday
Newcastle United v Sheffield United (5pm)
Aston Villa v Chelsea (7.15pm)
Everton v Liverpool (10pm)
Monday
Manchester City v Burnley (11pm)
The five pillars of Islam
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Price, base / as tested Dh174,500
Our legal advisor
Ahmad El Sayed is Senior Associate at Charles Russell Speechlys, a law firm headquartered in London with offices in the UK, Europe, the Middle East and Hong Kong.
Experience: Commercial litigator who has assisted clients with overseas judgments before UAE courts. His specialties are cases related to banking, real estate, shareholder disputes, company liquidations and criminal matters as well as employment related litigation.
Education: Sagesse University, Beirut, Lebanon, in 2005.