Thousands of Argentinian BTS fans were moved to tears as they said goodbye to K-pop superstar Jin on Friday. He performed his emotional new single The Astronaut alongside Coldplay as he prepares to take a hiatus to complete mandatory military service.
"We didn't have time to do anything. He arrived, he sang, we cried and we didn't even realise he was leaving," Eliana Suarez, a law student, 25, said at the end of the concert at the Monumental Stadium in Buenos Aires.
"It's magic that he comes to Argentina, that he chooses Argentina to sing his single," she said, adding that it was "very emotional".
The singer, 29, performed his song, co-written with singer Chris Martin, on Friday during one of Coldplay's 10 concerts in Buenos Aires, part of their Music of the Spheres tour.
"It was the best thing I've ever seen, the most spectacular, the best show. I grew up with Coldplay ... and now BTS." said Daniela Zuniga, 21, who is a medical student.
The announcement of Jin's participation in Coldplay's concerts in Buenos Aires had triggered a frenzy.
Hundreds of women, often wearing the purple dresses of BTS fans, camped out for days in front of the stadium to get a seat.
"A lot of people were left without tickets, there are a lot of resales and a lot of scams. They took advantage of the desperation," Noelia Zarate, 23, who makes T-shirts embroidered with K-pop designs, said.
With the 600,000-capacity stadium full, a few hundred fans who could not get tickets watched the concert from outside.
On Twitter, the hashtags #TheAstronaut and #ThanksArgentina, the phrase with which Jin bid farewell to the audience, were the two main trends on Friday.
A fortnight ago, the agency representing BTS said the band's seven members would enlist in the military, putting an end to a debate about whether they should be exempt from the mandatory service requirement of about two years.
Jin, the eldest of the septet, said he would sign up in December.
The group, credited with generating billions for the South Korean economy, have said they hope to reconvene by 2025.
Scroll through the gallery below to see BTS through the years.
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
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
LILO & STITCH
Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders
Director: Dean Fleischer Camp
Rating: 4.5/5
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