As India grapples with a second wave of the coronavirus pandemic with infection numbers now topping 18.9 billion, social media has been flooded with appeals for assistance as medical systems are overwhelmed.
Help on Saturday came from one unlikely source – the fans of the record-breaking South Korean K-pop group BTS. Called BTS Army, the Indian arm of the band's fanbase announced it had raised more than 2 million rupees ($29,000) in just one day for its #CovidReliefForIndia campaign.
“Thank you everyone who donated and everyone who amplified this initiative. Right now we have crossed our initial goal and will extend it again soon,” @BangtanIndia tweeted on Saturday.
"As we have collected funds more than our initial plan we all are searching for more such initiatives/orgs which are working on ground level providing help in every way possible and are looking for financial help. We also need help from all of you to do research on your own for your region," it said.
Bangtan is a reference to the seven-member group BTS, which stands for Bangtan Sonyeondan or Bangtan Boys, the global K-pop phenomenon named by Time magazine last year as Entertainer of the Year.
On Friday, Bangtan India posted an appeal to BTS's global fanbase, saying it was requesting help to support community kitchens that serve Covid-19 patients and free oxygen and medical aid suppliers.
“As we know India is facing one of the worst second waves of Covid-19. Each passing day it's getting tougher on the health workers and front line workers. We ask ARMYs around the world to help us as it’s a helpless situation,” the group posted along with a donation link. It also announced that it had created a separate Twitter account @CovidReliefIn for the purpose, and shortlisted a number of organisations it was supporting.
In less than 24 hours, @CovidReliefIn announced it had already crossed its initial fundraising target.
“This has all been possible thanks to your generous donations and concentrated efforts, ARMY! this is all YOU! thank you so much for coming together and supporting us,” the account posted.
This is not the first time BTS Army in India has stepped in to raise funds for a cause. In 2020, as floods ravaged the North-East Indian state of Assam, another fan account @btshelpsindia helped raise more than $8,000 for relief.
Internationally too, the passionate fan base has stepped in with charitable activities, from helping Syrian refugees in Europe to donating cameras to students in Kenya and to safe drinking water projects in the US.
While the fan activities are not officially endorsed by the band, the members of BTS themselves have been actively involved in a number of causes.
In 2020, the group donated $1 million to the Black Lives Matter cause, which, a day later was matched in value by BTS Army.
"We stand against racial discrimination. We condemn violence," BTS posted on Twitter in English and Korean. "You, I and we all have the right to be respected. We will stand together. #BlackLivesMatter."
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
History's medical milestones
1799 - First small pox vaccine administered
1846 - First public demonstration of anaesthesia in surgery
1861 - Louis Pasteur published his germ theory which proved that bacteria caused diseases
1895 - Discovery of x-rays
1923 - Heart valve surgery performed successfully for first time
1928 - Alexander Fleming discovers penicillin
1953 - Structure of DNA discovered
1952 - First organ transplant - a kidney - takes place
1954 - Clinical trials of birth control pill
1979 - MRI, or magnetic resonance imaging, scanned used to diagnose illness and injury.
1998 - The first adult live-donor liver transplant is carried out
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5