• Fans of BTS unable to attend the concert gather outside the Monumental Stadium, Buenos Aires, to listen to Jin perform his single 'The Astronaut' with Coldplay. All photos: AFP
    Fans of BTS unable to attend the concert gather outside the Monumental Stadium, Buenos Aires, to listen to Jin perform his single 'The Astronaut' with Coldplay. All photos: AFP
  • Fans outside the stadium for Coldplay's concert in Argentina.
    Fans outside the stadium for Coldplay's concert in Argentina.
  • A fan holds up a sign in Korean for BTS member Jin.
    A fan holds up a sign in Korean for BTS member Jin.
  • BTS fans queue to access to River Plate's Monumental stadium to attend the fourth of 10 concerts from Coldplay in Buenos Aires.
    BTS fans queue to access to River Plate's Monumental stadium to attend the fourth of 10 concerts from Coldplay in Buenos Aires.
  • A BTS fans holds an image of Argentine footballer Lionel Messi, left, with BTS member Jin.
    A BTS fans holds an image of Argentine footballer Lionel Messi, left, with BTS member Jin.
  • A fan holds up a sign in Korean for Jin ahead of the Coldplay concert.
    A fan holds up a sign in Korean for Jin ahead of the Coldplay concert.
  • A fan has a sign asking Jin to marry her.
    A fan has a sign asking Jin to marry her.
  • Fans in Argentina show their support for BTS.
    Fans in Argentina show their support for BTS.
  • Fans hold up photos and posters for Jin.
    Fans hold up photos and posters for Jin.
  • Argentinian fans of Jin pose with a flag made specifically for him.
    Argentinian fans of Jin pose with a flag made specifically for him.
  • BTS fans show off their signs ahead of the concert.
    BTS fans show off their signs ahead of the concert.
  • BTS fans wear Argentina's football team shirts, with one specifically for Jin.
    BTS fans wear Argentina's football team shirts, with one specifically for Jin.

BTS member Jin bids farewell in Buenos Aires ahead of mandatory military service


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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.

  • BTS through the years: the K-pop band at the Korean Culture Convention (K-Con), held at the Los Angeles Memorial Sports Arena on August 10, 2014. AFP
    BTS through the years: the K-pop band at the Korean Culture Convention (K-Con), held at the Los Angeles Memorial Sports Arena on August 10, 2014. AFP
  • Members of BTS arrive on the red carpet for K-Con 2014. AFP
    Members of BTS arrive on the red carpet for K-Con 2014. AFP
  • BTS on the red carpet for the Asia Artist Awards in Seoul on November 16, 2016. AFP
    BTS on the red carpet for the Asia Artist Awards in Seoul on November 16, 2016. AFP
  • Jin, Suga, J-Hope, RM, Jimin, V and JungKook of BTS at Music Choice in New York City on March 22, 2017. Getty
    Jin, Suga, J-Hope, RM, Jimin, V and JungKook of BTS at Music Choice in New York City on March 22, 2017. Getty
  • BTS perform Fake Love at the Billboard Music Awards at the MGM Grand Garden Arena in Las Vegas on May 20, 2018. AP
    BTS perform Fake Love at the Billboard Music Awards at the MGM Grand Garden Arena in Las Vegas on May 20, 2018. AP
  • BTS accept the Top Social Artist award at the Billboard Music Awards on May 20, 2018. Reuters
    BTS accept the Top Social Artist award at the Billboard Music Awards on May 20, 2018. Reuters
  • BTS attend the 73rd session of the United Nations General Assembly on September 24, 2018. AP
    BTS attend the 73rd session of the United Nations General Assembly on September 24, 2018. AP
  • BTS perform during a Korean cultural event in Paris as part of the South Korean president's official visit to France on October 14, 2018. AFP
    BTS perform during a Korean cultural event in Paris as part of the South Korean president's official visit to France on October 14, 2018. AFP
  • BTS on the red carpet at the Mnet Asian Music Awards in Hong Kong on December 14, 2018. AP
    BTS on the red carpet at the Mnet Asian Music Awards in Hong Kong on December 14, 2018. AP
  • BTS at the Seoul Music Awards on January 15, 2019. Getty
    BTS at the Seoul Music Awards on January 15, 2019. Getty
  • BTS present the award for Best R&B Album during the 61st Grammy Awards on February 10, 2019, in Los Angeles. AFP
    BTS present the award for Best R&B Album during the 61st Grammy Awards on February 10, 2019, in Los Angeles. AFP
  • BTS perform on Saturday Night Live on April 11, 2019. Getty
    BTS perform on Saturday Night Live on April 11, 2019. Getty
  • BTS before rehearsals for KBS 2TV's Music Bank in Yeouido, Seoul, on April 19, 2019. Getty
    BTS before rehearsals for KBS 2TV's Music Bank in Yeouido, Seoul, on April 19, 2019. Getty
  • BTS perform at concert to promote 18th Fina World Championships at a stadium in Gwangju, South Korea on April 28, 2019. EPA
    BTS perform at concert to promote 18th Fina World Championships at a stadium in Gwangju, South Korea on April 28, 2019. EPA
  • BTS and Halsey performing Boy With Luv at the Billboard Music Awards on May 1, 2019. Reuters
    BTS and Halsey performing Boy With Luv at the Billboard Music Awards on May 1, 2019. Reuters
  • BTS attend Youth Day at the Presidential Blue House in Seoul on September 19, 2020. Reuters
    BTS attend Youth Day at the Presidential Blue House in Seoul on September 19, 2020. Reuters
  • BTS present a purple gift box to President Moon Jae-in during the inaugural Youth Day event in Seoul on September 19, 2020. EPA
    BTS present a purple gift box to President Moon Jae-in during the inaugural Youth Day event in Seoul on September 19, 2020. EPA
  • BTS on the red carpet during the annual Mama Awards at Nagoya Dome in Nagoya, Japan, on December 4, 2019. Reuters
    BTS on the red carpet during the annual Mama Awards at Nagoya Dome in Nagoya, Japan, on December 4, 2019. Reuters
  • BTS at the 34st annual Golden Disk Awards ceremony in Seoul on January 4, 2020. EPA
    BTS at the 34st annual Golden Disk Awards ceremony in Seoul on January 4, 2020. EPA
  • BTS arrive at the 62nd annual Grammy Awards in Los Angeles on January 26, 2020. AP
    BTS arrive at the 62nd annual Grammy Awards in Los Angeles on January 26, 2020. AP
  • BTS visit the Today Show at Rockefeller Plaza in New York City on February 21, 2020. AFP
    BTS visit the Today Show at Rockefeller Plaza in New York City on February 21, 2020. AFP
  • BTS give an address as part of the YouTube Originals Dear Class of 2020 speeches. YouTube Originals
    BTS give an address as part of the YouTube Originals Dear Class of 2020 speeches. YouTube Originals
  • BTS performing as part of the YouTube Originals Dear Class of 2020 speeches. YouTube Originals
    BTS performing as part of the YouTube Originals Dear Class of 2020 speeches. YouTube Originals
  • BTS perform 'Dynamite' during the MTV Video Music Awards on August 30, 2020. Reuters
    BTS perform 'Dynamite' during the MTV Video Music Awards on August 30, 2020. Reuters
  • BTS accept the award for Best Pop Video for 'On' during the MTV Video Music Awards on August 30, 2020. AP
    BTS accept the award for Best Pop Video for 'On' during the MTV Video Music Awards on August 30, 2020. AP
  • BTS arrives to security check-in at the United Nations headquarters during the 76th Session of the UN General Assembly in New York on September 20, 2021. AFP
    BTS arrives to security check-in at the United Nations headquarters during the 76th Session of the UN General Assembly in New York on September 20, 2021. AFP
  • V, Suga, Jin, Jungkook, RM, Jimin and J-Hope of BTS arrive at the 2021 American Music Awards at the Microsoft Theater in Los Angeles, California on November 21, 2021. Reuters
    V, Suga, Jin, Jungkook, RM, Jimin and J-Hope of BTS arrive at the 2021 American Music Awards at the Microsoft Theater in Los Angeles, California on November 21, 2021. Reuters
  • BTS accepts the award for artist of the year at the American Music Awards in 2021 at the Microsoft Theater in Los Angeles. AP
    BTS accepts the award for artist of the year at the American Music Awards in 2021 at the Microsoft Theater in Los Angeles. AP
  • Jin, Suga, V, Jungkook, RM, Jimin, and J-Hope of BTS hold their award for the Favourite Pop Song, Favourite Duo or Group and Artist of the Year awards during the 2021 American Music Awards. Reuters
    Jin, Suga, V, Jungkook, RM, Jimin, and J-Hope of BTS hold their award for the Favourite Pop Song, Favourite Duo or Group and Artist of the Year awards during the 2021 American Music Awards. Reuters
  • BTS pose on red carpet of iHeartRadio Jingle Ball concert in California on December 3, 2021. Reuters
    BTS pose on red carpet of iHeartRadio Jingle Ball concert in California on December 3, 2021. Reuters
  • BTS perform at Jamsil Olympic Park in southern Seoul, South Korea on March 10, 2022. EPA
    BTS perform at Jamsil Olympic Park in southern Seoul, South Korea on March 10, 2022. EPA
  • BTS pose on red carpet of 64th Annual Grammy Awards at the MGM Grand Garden Arena in Las Vegas, Nevada on April 3, 2022. Reuters
    BTS pose on red carpet of 64th Annual Grammy Awards at the MGM Grand Garden Arena in Las Vegas, Nevada on April 3, 2022. Reuters
  • BTS perform Butter during 64th Annual Grammy Awards show in Las Vegas, Nevada on April 3, 2022. Reuters
    BTS perform Butter during 64th Annual Grammy Awards show in Las Vegas, Nevada on April 3, 2022. Reuters
  • BTS Permission to Dance concert in Las Vegas on April 10, 2022. Photo: Big Hit Music
    BTS Permission to Dance concert in Las Vegas on April 10, 2022. Photo: Big Hit Music
  • Members of BTS join Karine Jean-Pierre, White House press secretary, centre, during a news conference at the White House in Washington DC on May 31, 2022. Photo: Oliver Contreras / Sipa / Bloomberg
    Members of BTS join Karine Jean-Pierre, White House press secretary, centre, during a news conference at the White House in Washington DC on May 31, 2022. Photo: Oliver Contreras / Sipa / Bloomberg
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

WTL%20SCHEDULE
%3Cp%3EDECEMBER%2019%20(6pm)%0D%3Cbr%3EKites%20v%20Eagles%0D%3Cbr%3EAliassime%20v%20Kyrgios%0D%3Cbr%3ESwiatek%20v%20Garcia%0D%3Cbr%3EEntertainment%3A%20Tiesto%3C%2Fp%3E%0A%3Cp%3EDECEMBER%2020%20(6pm)%0D%3Cbr%3EFalcons%20v%20Hawks%0D%3Cbr%3EDjokovic%20v%20Zverev%0D%3Cbr%3ESabalenka%20v%20Rybakina%0D%3Cbr%3EEntertainment%3A%20Wizkid%0D%3Cbr%3E%0D%3Cbr%3EDECEMBER%2021%20(6pm)%0D%3Cbr%3EFalcons%20v%20Eagles%0D%3Cbr%3EDjokovic%20v%20Kyrgios%0D%3Cbr%3EBadosa%20v%20Garcia%0D%3Cbr%3EEntertainment%3A%20Ne-Yo%0D%3Cbr%3E%0D%3Cbr%3EDECEMBER%2022%20(6pm)%0D%3Cbr%3EHawks%20v%20Kites%0D%3Cbr%3EThiem%20v%20Aliassime%0D%3Cbr%3EKontaveit%20v%20Swiatek%0D%3Cbr%3EEntertainment%3A%20deadmau5%0D%3Cbr%3E%0D%3Cbr%3EDECEMBER%2023%20(2pm)%0D%3Cbr%3EEagles%20v%20Hawks%0D%3Cbr%3EKyrgios%20v%20Zverev%0D%3Cbr%3EGarcia%20v%20Rybakina%0D%3Cbr%3EEntertainment%3A%20Mohammed%20Ramadan%0D%3Cbr%3E%0D%3Cbr%3EDECEMBER%2023%20(6pm)%0D%3Cbr%3EFalcons%20v%20Kites%0D%3Cbr%3EDjokovic%20v%20Aliassime%0D%3Cbr%3ESabalenka%20v%20Swiatek%0D%3Cbr%3EEntertainment%3A%20Mohammed%20Ramadan%0D%3Cbr%3E%0D%3Cbr%3EDECEMBER%2024%20(6pm)%0D%3Cbr%3EFinals%0D%3Cbr%3EEntertainment%3A%20Armin%20Van%20Buuren%0D%3Cbr%3E%0D%3C%2Fp%3E%0A
Updated: October 29, 2022, 10:10 AM