A visitor at the opening of the Huna Al Emarat exhibition at Ductac, Dubai. Courtesy of Ductac
A visitor at the opening of the Huna Al Emarat exhibition at Ductac, Dubai. Courtesy of Ductac
A visitor at the opening of the Huna Al Emarat exhibition at Ductac, Dubai. Courtesy of Ductac
A visitor at the opening of the Huna Al Emarat exhibition at Ductac, Dubai. Courtesy of Ductac

For one week only: 10 years of UAE creativity


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Blink and you will miss it. For only a week, Ductac’s Gallery of Light is showing a really well curated exhibition of Emirati art from the last 10 years.

Sponsored by CBRE, Huna Al Emarat juxtaposes established artists with new ones and photography with sculpture and design to create a fresh insight into the growth and expansion of the UAE’s art scene.

In the centre of the space, Mattar Bin Lahej’s sculptural calligraphy (a clever mix of tradition and contemporary art) greets the viewers as they enter. Ammar Al Attar’s Prayer Rooms – a series of photographs of prayer rooms around the city, have been mounted in light boxes to give them a new dimension that really allows the viewer to enter into the spaces and images from the Mobipix collective (who use mobile phone photography) complement the series both visually and with artistic dialogue.

What I especially like about this exhibition is the combination of art and design. Towards the back of the space, Caravan design collective have hung their False Ceiling over a hexagonal seating installation and hanging on the wall are typographic illustrations from Brusselssprout - a Dubai-based magazine who turn the imagery of the city into iconography.

If you are looking for an interesting overview into how creative we can be as a collective and the many variations that that creativity can take, then I recommend going down to see Huna Al Emarat before it closes on Monday.

• Huna Al Emarat runs until Monday 16 February at the Gallery of Light, Ductac, Mall of the Emirates, Dubai. For more info visit: www.ductac.org

Tips for SMEs to cope
  • Adapt your business model. Make changes that are future-proof to the new normal
  • Make sure you have an online presence
  • Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
  • Open communication with customers to see how they are coping and be flexible about extending terms, etc
    Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
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Stars:Robert Pattinson

Director:Matt Reeves

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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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UAE v Australia, Friday, 8pm, Hazza bin Zayed Stadium, Al Ain

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EMERGENCY PHONE NUMBERS

Estijaba – 8001717 –  number to call to request coronavirus testing

Ministry of Health and Prevention – 80011111

Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre

Emirates airline – 600555555

Etihad Airways – 600555666

Ambulance – 998

Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries

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