The pandemic may have halted their world tour plans but BTS have just announced that they are bringing their Permission To Dance On Stage concert to Las Vegas for four shows on April 8, 9, 15 and 16.
Set to take place in the nearly 65,000-capacity Allegiant Stadium, all four gigs will be broadcast live at the nearby MGM Grand Garden Arena in an event called “Live Play in Las Vegas”. Perhaps even more exciting for fans who cannot attend, the last show will be live-streamed online.
Scroll through our gallery above to see BTS through the years.
In addition to the news, the group’s agency Bighit Music also released a promotional TV spot and poster for the coming gigs. The video features footage from the K-pop band’s previous Permission To Dance On Stage concerts in the US from last year, with the song Permission to Dance playing in the background.
Last week, it was announced that BTS would perform in front of a live crowd in Seoul for the first time in nearly two and a half years. The group will perform at the Seoul Olympic Stadium on Thursday, March 10, Saturday, March 12, and Sunday, March 13.
This isn't the first time the boy band has performed in the US, however. Last year, BTS completed a mini-residency at SoFi Stadium in Inglewood, California — their first concert since the pandemic began. Tickets for the four dates sold out immediately.
In August 2021, the band cancelled what was meant to be their biggest international tour involving nearly 40 concerts around the world because of the spread of Covid-19.
BTS played virtual concerts instead, including one in October 2020 that garnered more than 990,000 viewers from 191 countries and about 50 billion won ($42.4 million) in ticket sales. They also continued to put out new music with tracks Butter, Permission to Dance, and a Coldplay collaboration single called My Universe, with all being released in 2021.
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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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