Tom Holland's use of the word 'rizz' in an interview helped the word go viral. Reuters
Tom Holland's use of the word 'rizz' in an interview helped the word go viral. Reuters
Tom Holland's use of the word 'rizz' in an interview helped the word go viral. Reuters
Tom Holland's use of the word 'rizz' in an interview helped the word go viral. Reuters

'Rizz' is Oxford dictionary's word of the year, beating 'Swiftie' and 'situationship'


Evelyn Lau
  • English
  • Arabic

Rizz, you either have it or you don’t.

The popular Gen Z slang has been announced as the word of the year by Oxford University Press, the publishers of the Oxford English Dictionary. Meaning “style, charm or attractiveness”, it can also be used to describe “someone’s ability to attract a romantic partner”.

It beat other contenders such as “Swiftie” (an enthusiastic fan of Taylor Swift), “situationship” (a noncommittal romantic relationship) and “prompt” (an instruction given to an artificial intelligence programme).

The word is a shortened form of “charisma” and went viral after Spider-Man star Tom Holland used it in an interview. “I have no rizz whatsoever. I have limited rizz.” He later explained that he won over his girlfriend Zendaya by playing the “long game”.

This generated a multiple memes and overall usage of the word surged by a factor of about 15 from the past year, according to the publisher.

Oxford’s Word of the Year is based on usage from its continually updated list of more than 22 billion words, gathered from news sources across the English-speaking world.

“It has been incredible to see the public once again enjoying being a part of the Word of the Year selection. Seeing thousands of people debate and discuss language like this really highlights the power it has in helping us to understand who we are, and process what’s happening to the world around us,” said Casper Grathwohl, president of Oxford Languages.

“Given that last year ‘goblin mode’ resonated with so many of us following the pandemic, it’s interesting to see a contrasting word like 'rizz' come to the forefront, perhaps speaking to a prevailing mood of 2023 where more of us are opening ourselves up after a challenging few years and finding confidence in who we are.”

Rizz joins a growing list of already crowned words of the year from other dictionaries. Merriam-Webster’s is "authentic" (true to one's own personality, spirit or character); Cambridge Dictionary's is "hallucinate" (to seem to see, hear, feel or smell something that does not exist, usually because of a health condition or a drug); and Collins English Dictionary has gone with "AI" (an abbreviation for artificial intelligence, the modelling of human mental functions by computer programmes).

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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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Company Profile

Name: Thndr
Started: 2019
Co-founders: Ahmad Hammouda and Seif Amr
Sector: FinTech
Headquarters: Egypt
UAE base: Hub71, Abu Dhabi
Current number of staff: More than 150
Funds raised: $22 million

Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
Updated: December 05, 2023, 7:27 AM