Tunisia's President Kais Saied speaks during the new government swearing-in ceremony at Carthage Palace on the eastern outskirts of the capital Tunis on September 2, 2020, following a confidence vote by parliament. AFP
Tunisia's President Kais Saied speaks during the new government swearing-in ceremony at Carthage Palace on the eastern outskirts of the capital Tunis on September 2, 2020, following a confidence vote by parliament. AFP
Tunisia's President Kais Saied speaks during the new government swearing-in ceremony at Carthage Palace on the eastern outskirts of the capital Tunis on September 2, 2020, following a confidence vote by parliament. AFP
Tunisia's President Kais Saied speaks during the new government swearing-in ceremony at Carthage Palace on the eastern outskirts of the capital Tunis on September 2, 2020, following a confidence vote

Libya talks next week a 'real opportunity,' says Tunisian president


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Next week’s Libya talks present a real opportunity to negotiate an end to the conflict, Tunisia’s President Kais Saied said Monday night as he prepares to host the warning sides.

Meeting with Tunisian Foreign Minister Othman Al Jarandi ahead of the summit on November 9, Mr Saied said that it was "a real opportunity for the Libyan brothers to agree on a political settlement."

He said Tunisia is committed to "pushing towards solving [Libya's] problems and crises through dialogue.”

The November 9 talks will be hosted in-person and are set to start the process of ending the Libyan crisis and to find a political solution to years of division that sees the country divided between rival administrations in the east and west.

In April 2019, the eastern backed Libyan National Army launched an offensive to capture the capital of Tripoli after securing much of the south and parts of the west. However, militias that back the Tripoli-based Government of National Accord ground the offensive to a stalemate before massive Turkish support – in the form of Turkish soldiers, equipment, drones and thousands of Syrian mercenaries – helped the militias to push the LNA back to Sirte.

Then, over the summer, both sides said that talks were key to ending the crisis and halted the fighting. There have been several meetings of both civilian and military officials in recent weeks to build common ground ahead of UN hosted peace talks.

Libya's warring sides signed the agreement in a virtual ceremony last month for "a permanent ceasefire in all areas of Libya."

Acting UN envoy for Libya Stephanie Williams has been pushing for a political settlement

A Joint Military Commission from each side is meeting Tuesday for the first time inside Libya, for a fifth round of talks to be held over the next two days in the city of Ghadames.

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

INDIA SQUADS

India squad for third Test against Sri Lanka
Virat Kohli (capt), Murali Vijay, Lokesh Rahul, Shikhar Dhawan, Cheteshwar Pujara, Ajinkya Rahane, Rohit Sharma, Wriddhiman Saha, Ravichandran Ashwin, Ravindra Jadeja, Kuldeep Yadav, Mohammed Shami, Umesh Yadav, Ishant Sharma, Vijay Shankar

India squad for ODI series against Sri Lanka
Rohit Sharma (capt), Shikhar Dhawan, Ajinkya Rahane, Shreyas Iyer, Manish Pandey, Kedar Jadhav, Dinesh Karthik, Mahendra Singh Dhoni, Hardik Pandya, Axar Patel, Kuldeep Yadav, Yuzvendra Chahal, Jasprit Bumrah, Bhuvneshwar Kumar, Siddarth Kaul

While you're here
Essentials

The flights
Emirates and Etihad fly direct from the UAE to Los Angeles, from Dh4,975 return, including taxes. The flight time is 16 hours. Alaska Airlines, United Airlines, Delta Air Lines, Aeromexico and Southwest all fly direct from Los Angeles to San Jose del Cabo from Dh1,243 return, including taxes. The flight time is two-and-a-half hours.

The trip
Lindblad Expeditions National Geographic’s eight-day Whales Wilderness itinerary costs from US$6,190 (Dh22,736) per person, twin share, including meals, accommodation and excursions, with departures in March and April 2018.

 

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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Five expert hiking tips
    Always check the weather forecast before setting off Make sure you have plenty of water Set off early to avoid sudden weather changes in the afternoon Wear appropriate clothing and footwear Take your litter home with you