The Academy of Motion Picture Arts and Sciences, the organisation behind the Oscars, has responded to the incident that took place at the awards ceremony on Sunday night.
During the show, Will Smith smacked Chris Rock after he made a joke about his wife, Jada Pinkett Smith.
Amid rumours that Smith will be stripped of his Oscar, which he won for Best Actor in a Leading Role for his turn in King Richard, the Academy tweeted a brief statement condemning the violence, but not directly commenting on Smith's award.
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"The Academy does not condone violence of any form. Tonight we are delighted to celebrate our 94th Academy Awards winners, who deserve this moment of recognition from their peers and movie lovers around the world," the tweet read.
The New York Post has reported that the actor "may be asked to hand back his Best Actor" Oscar.
The publication quoted a source, who said: "It’s basically assault. Everyone was just so shocked in the room, it was so uncomfortable.
"I think Will would not want to give his Oscar back, but who knows what will happen now."
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The Los Angeles Police Department has since got involved and confirmed that Rock "declined to file a police report" to Variety.
The full statement reads: "LAPD investigative entities are aware of an incident between two individuals during the Academy Awards programme. The incident involved one individual slapping another. The individual involved has declined to file a police report. If the involved party desires a police report at a later date, LAPD will be available to complete an investigative report."
What happened between Chris Rock and Will Smith at the Oscars?
Smith confronted Rock after he made a joke about Pinkett Smith's alopecia-caused hair loss. Rock was on stage to hand out the Best Documentary Oscar.
"Jada, I love you ... GI Jane 2, can't wait to see it," Rock said in his presenting slot. The camera panned to Pinkett Smith and she rolled her eyes at the joke.
When the camera was on Smith, he was laughing, but within seconds he was on stage.
Then, as Rock prepared to hand out the Oscar, Smith walked up to him and slapped his face, which prompted the presenter to shout, “Oh wow ... Will Smith just smacked the [expletive] out of me.”
Smith then sat down, but shouted from his seat, “Keep my wife’s name out of your [expletive] mouth.”
A flustered Rock attempted to brush the incident off, saying, “That was, er, the greatest night in the history of television,” before proceeding to present the award.
Company profile
Company: Verity
Date started: May 2021
Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif
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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