The Intersect group of art fairs is holding its California event as an online collaboration between galleries from the south of the state, the Middle East and North Africa.
The digital exhibition shows how art fairs are reacting to the realities of Covid-19 – with Art Dubai, for example, spreading out across the city, and Frieze starting a membership scheme – but also how smaller fairs are remaining welcome hosts to galleries beyond art world centres.
Intersect Art and Design was launched last year by brothers Tim and Dirk von Gal, who acquired the fairs Art Aspen, Sofa Chicago and Art Palm Springs, and revamped them as Intersect-branded events.
They recruited Becca Hoffman, director of the Outsider Art Fair, as head, and went forward with online fairs for Aspen and Chicago, which each had a mix of about 100 art and design galleries.
But with the coronavirus pandemic worsening in the US, for the Palm Springs show, Hoffman had to rethink the numbers and the method.
She took a more curatorial approach for Intersect 21, putting together an online exhibition drawing from 21 galleries in the Middle East, North Africa and California. Each brings 21 artworks to a show that will be live on the Intersect website from next Tuesday, until Monday, February 22, and on the art website Artsy until Monday, March 15.
Those participating include Saleh Barakat Gallery and Galerie Tanit from Beirut; Leila Heller Gallery from New York and Dubai; Zawyeh Gallery from Dubai and Ramallah; Athr Gallery from Jeddah; Tintera from Cairo; Galerie Tindouf from Marrakesh; and Peter Blake Gallery from California.
The choice of locales was inspired by the fact the three share certain elements of their landscapes, says Hoffman.
“It was partially inspired by our prior exhibitor base and partially by future projects that I’d like to do on the ground in Palm Springs. One of which would be called the ‘Desert Exchange’, in which we invite galleries from a specific desert region each year to participate.”
Rebecca Proctor, former editor of Harper's Bazaar Art Arabia and a long-time Dubai art writer, served as curatorial advisor. The works on sale include art and design, and a mix of big names such as Ahmed Mater from Athr, and emerging ones such as Chafa Ghaddar, a Lebanese artist in Dubai who shows with Galerie Tanit.
The set-up is between exhibition and fair. Each gallery will foreground three artworks on their home pages, with the full roster in online viewing rooms. The galleries pay a fee to be hosted and they take home the proceeds of the sales (a nominal percentage applies for sales over a certain amount).
While Intersect will return to a physical fair format when the situation allows, the online show offers advantages such as a lower barrier to entry for new galleries. Two new galleries are using Intersect 21 as their fair debut: design gallery Le Lab from Giza and Artzotic from Amman.
The Intersect team are also thinking about how a fair can have a year-round presence rather than intermittent events. They ran a programme of online conversations last year, and Hoffman says more curated activities are on the roster. “I’m definitely a big fan of thinking outside the box and not following the crowd.”
Intersect 21 runs from next Tuesday until Monday, February 22, at intersectfairs.com; and until Monday, March 15, at artsy.net
Emergency
Director: Kangana Ranaut
Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry
Rating: 2/5
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
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AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
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
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
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Starring: Jamie Foxx, Angela Bassett, Tina Fey
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Founder/CEO: Fodhil Benturquia
Based: Dubai, UAE
Sector: Healthcare
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Bayern Munich 3 Chelsea 2
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Our legal consultant
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COMPANY PROFILE
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Started: October 2023
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