'My Fair Lady' and 'Highlander' are among the films being remade to appeal to the next generation of moviegoers. Photo: EMI, Warner Bros Pictures
'My Fair Lady' and 'Highlander' are among the films being remade to appeal to the next generation of moviegoers. Photo: EMI, Warner Bros Pictures
'My Fair Lady' and 'Highlander' are among the films being remade to appeal to the next generation of moviegoers. Photo: EMI, Warner Bros Pictures
'My Fair Lady' and 'Highlander' are among the films being remade to appeal to the next generation of moviegoers. Photo: EMI, Warner Bros Pictures

12 films being remade by Hollywood: from ‘The Lost Boys’ to ‘My Fair Lady’


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Remakes, reboots, reimaginings … call them what you like, but they’re big business in Tinseltown.

Taking favoured films from childhood and teenage years and reshaping them for the next generation is frequently seen as a no-brainer for studios, especially those looking to minimise risk in the wake of Covid-19.

Often cited as Hollywood having run out of ideas, recent remakes including Jumanji, A Star Is Born, Dirty Dancing, Rebecca and Tomb Raider have fared well at the box office as old fans return and new fans are won over.

Steven Spielberg is the latest big name to hop on the remake bandwagon, recently releasing the trailer for his version of West Side Story, the celebrated tale of the Sharks and the Jets.

Originally a Broadway musical based on Shakespeare’s Romeo and Juliet, it was turned into a 1961 film starring Natalie Wood and Rita Moreno, and won 10 Oscars the following year.

West Side Story was actually the first piece of popular music our family ever allowed into the home,” Spielberg told Vanity Fair.

“I absconded with it – this was the cast album from the 1957 Broadway musical – and just fell completely in love with it as a kid. West Side Story has been that one haunting temptation that I have finally given in to.”

As the modern tale of the star cross’d lovers heads for the big screen, here are 12 more films that will soon be getting the Hollywood remake treatment …

1. ‘The Lost Boys’

Corey Haim and Jason Patric starred as brothers who go head-to-head with the town's vampires in 'The Lost Boys'. Photo: Warner Bros Pictures
Corey Haim and Jason Patric starred as brothers who go head-to-head with the town's vampires in 'The Lost Boys'. Photo: Warner Bros Pictures

The 1987 original starred the-then cream of young Hollywood, including Jason Patric, Alex Winter, Kiefer Sutherland and the two Coreys, Haim and Feldman.

Both a critical and commercial success, the film followed a pair of brothers, Michael and Sam, who move with their mother to Santa Carla, California, and soon discover the disappearance of local townsfolk is the work of vampires led by the charismatic, David.

The remake will star A Quiet Place’s Noah Jupe and Defending Jacob’s Jaeden Martell, and will be helmed by British director Jonathan Entwistle, who lensed the recent critical hit I Am Not Okay With This.

2. ‘All Quiet on the Western Front’

The 1930 film 'All Quiet on the Western Front' was a critically acclaimed look at the First World War from the German soldiers' perspective. Photo: Universal Pictures
The 1930 film 'All Quiet on the Western Front' was a critically acclaimed look at the First World War from the German soldiers' perspective. Photo: Universal Pictures

The classic First World War novel, published in 1928, was made into an Academy Award-winning film in 1930. A 1979 TV movie followed, starring Ernest Borgnine, and the tale frequently features in “best films” lists, owing to its portrayal of German soldiers’ physical and mental stress during the Great War.

The latest iteration of the classic, set to be released in 2022, stars German-Spanish actor Daniel Bruhl, last seen lighting up the small screen as Baron Zemo in Marvel’s The Falcon and the Winter Soldier.

3. ‘Drop Dead Fred’

British comic actor Rik Mayall starred as an imaginary friend come to life in 'Drop Dead Fred'. Photo: New Line Cinema
British comic actor Rik Mayall starred as an imaginary friend come to life in 'Drop Dead Fred'. Photo: New Line Cinema

The 1991 film starring Phoebe Cates and British comic actor Rik Mayall as her childhood imaginary friend come to life was roundly panned on its release.

Slammed as “easily one of the worst films I’ve ever seen” by the Chicago Tribune’s film critic Gene Siskel, and a “largely uninteresting and unfunny comedy” by the Radio Times, over the years it has become a cult classic. Russell Brand was the most recent actor connected with the remake, although he has since dropped out.

4. ‘An American Werewolf in London’

'An American Werewolf in London' won the first ever Academy Awards for Best Make-up, thanks to its groundbreaking special effects in transforming actor David Naughton into a werewolf. Photo: Universal Pictures
'An American Werewolf in London' won the first ever Academy Awards for Best Make-up, thanks to its groundbreaking special effects in transforming actor David Naughton into a werewolf. Photo: Universal Pictures

With special effects considered groundbreaking on its release in 1981, the film went on to win the first Academy Award for Best Make-up. Written and shot by John Landis, it starred David Naughton and Griffin Dunne as David Kessler and Jack Goodman, two American backpackers from New York, who don’t beware the full moon as advised by the regulars at the Slaughtered Lamb pub on the Yorkshire moors.

Set upon by a werewolf, despite British police insisting Goodman was killed and Kessler attacked by a madman, pretty soon Kessler is howling at the moon and growing hair in strange places.

Fittingly, Landis’s writer and actor son, Max Landis, will make his directorial debut with the remake, in which a young woman travelling across the UK with her boyfriend gets bitten.

5. ‘WarGames’

The 1980s favourite 'WarGames' will be given a high-tech makeover, moving away from its Cold War origins. Photo: United Artists
The 1980s favourite 'WarGames' will be given a high-tech makeover, moving away from its Cold War origins. Photo: United Artists

Deep in Cold War territory, 1983 thriller WarGames featured a young Matthew Broderick as David, a Seattle student who hacks into his school’s computer to change his grades and inadvertently almost starts the Third World War.

Using a very early version of the internet, he stumbles across some games called "Theatrewide Biotoxic and Chemical Warfare” and “Global Thermonuclear War”. But they're not actually games and he initiates war against the US by the Soviet Union, leading the US military to raise the Defcon level, escalating to total planetary annihilation.

The film, a deliberation on nuclear armament that was nominated for three Oscars, is being remade by director Dean Israelite, who helmed 2017’s Power Rangers.

6. ‘Escape from New York’

'Escape from New York' made an action star of lead actor Kurt Russell, with the remake centred around the rescue of a US senator this time. Photo: Avco Embassy Pictures
'Escape from New York' made an action star of lead actor Kurt Russell, with the remake centred around the rescue of a US senator this time. Photo: Avco Embassy Pictures

The 1981 movie, directed by horror aficionado John Carpenter, helped launch Kurt Russell as a Hollywood action star, with the original film imagining New York in 1997 as a giant maximum security prison.

When the US president’s Air Force One plane is hijacked and crash lands in the city, ex-soldier and federal prisoner Snake Plissken (Russell) is given 24 hours to rescue the president in order to receive a pardon.

The original, jam-packed with talent including Harry Dean Stanton, Ernest Borgnine and Isaac Hayes, will be remade by The Invisible Man director Leigh Whannell.

7. ‘Highlander’

The role of Connor MacLeod was made famous by French star Christopher Lambert in the 'Highlander' film series. British actor Henry Cavill will take on the role in the 'Highlander' remake. Photo: EMI
The role of Connor MacLeod was made famous by French star Christopher Lambert in the 'Highlander' film series. British actor Henry Cavill will take on the role in the 'Highlander' remake. Photo: EMI

The tale of immortality from the Scottish highlands to 1980s New York featured an original soundtrack by Queen, including the classic A Kind of Magic. French actor Christopher Lambert took on the role of Connor MacLeod, an immortal born in 16th-century Scotland, who is mentored by the ancient swordsman Ramirez, played by Sean Connery, as he works his way towards the Gathering in the Big Apple in 1985.

The remake, directed by John Wick's Chad Stahelski, is set to star Superman himself, the British actor Henry Cavill, as the tortured MacLeod.

8. ‘Little Shop of Horrors’

Broadway play and film 'Little Shop of Horrors' is being remade with Scarlett Johansson and Chris Evans. Photo: Warner Bros
Broadway play and film 'Little Shop of Horrors' is being remade with Scarlett Johansson and Chris Evans. Photo: Warner Bros

Big names including Avengers alumni Scarlett Johansson and Chris Evans, as well as Taron Egerton and Billy Porter, will star in the remake of this enduring classic.

Made famous as an off-Broadway musical opening in 1982, the stage show was itself a remake of a 1960 film about a florist who discovers his Venus flytrap has a thirst for human blood. Another remake followed in 1986, starring Rick Moranis, Steve Martin and Bill Murray.

9. ‘My Fair Lady’

The 'My Fair Lady' remake has been years in the making, with Carey Mulligan once attached to the role of Eliza Doolittle, played by Audrey Hepburn in the famous film. Photo: Warner Bros
The 'My Fair Lady' remake has been years in the making, with Carey Mulligan once attached to the role of Eliza Doolittle, played by Audrey Hepburn in the famous film. Photo: Warner Bros

Originally showcased at the theatre as an adaptation of playwright George Bernard Shaw’s Pygmalion, the tale of Eliza Doolittle and Henry Higgins has been captivating audiences since it was first staged in 1913.

The original London and Broadway versions starred Rex Harrison and Julie Andrews, but when the 1964 film was made, Audrey Hepburn stepped into Eliza’s shoes as the cockney flower girl who finds herself the subject of a bet between two men, to present her as a lady in London’s Edwardian society.

The film won eight Academy Awards, including Best Picture, and regularly features in “greatest films of all time” lists. Interest in the remake, which has been floating around since 2014 with Carey Mulligan once considered for the role of Doolittle, has been reignited with Shakespeare in Love's John Madden set to direct.

10. ‘Romancing the Stone’

Michael Douglas and Kathleen Turner showed off their on-screen chemistry in 'Romancing the Stone', which is set for a Hollywood remake. Photo: 20th Century Fox
Michael Douglas and Kathleen Turner showed off their on-screen chemistry in 'Romancing the Stone', which is set for a Hollywood remake. Photo: 20th Century Fox

The 1984 action-comedy caper starred Michael Douglas as a down-on-his-luck trapper, and romance novelist Kathleen Turner as a couple thrown together in their pursuit of the El Corazon emerald in Colombia.

The remake, which has been floating around Hollywood for a while, was once set to star Katherine Heigl when director Robert Luketic was attached to the project after he directed her in Killers. Possible actors to step into Douglas’s shoes as Jack Colton include Friday Night Lights’ Taylor Kitsch and Gerard Butler.

11. ‘The Bodyguard’

Stars including Cardi B and Channing Tatum have been tipped to take on the roles of Rachel Marron and Frank Farmer, made famous by Whitney Houston and Kevin Costner in 'The Bodyguard'. Photo: Warner Bros
Stars including Cardi B and Channing Tatum have been tipped to take on the roles of Rachel Marron and Frank Farmer, made famous by Whitney Houston and Kevin Costner in 'The Bodyguard'. Photo: Warner Bros

The 1992 film starring Kevin Costner and Whitney Houston has become a cult favourite over the years. The thriller-romance featured Houston as singing superstar Rachel Marron, who, after she receives death threats from a stalker, is protected by former presidential bodyguard Frank Farmer (Costner). Romance blossoms between the pair as the stakes get higher, culminating in an assassination attempt at the Oscars.

For the remake, everyone from Chris Hemsworth and Channing Tatum to Tessa Thompson and Cardi B have been floated as potential leads, while the screenplay will be written by Tony-nominated Matthew Lopez.

12. ‘Weird Science’

Kelly LeBrock was created to be the ideal woman on a computer in 'Weird Science'. The remake is aiming for an edgier tone and older audience. Photo: Universal Pictures
Kelly LeBrock was created to be the ideal woman on a computer in 'Weird Science'. The remake is aiming for an edgier tone and older audience. Photo: Universal Pictures

Anthony Michael Hall and Ilan Mitchell-Smith were the two unpopular and socially awkward high-schoolers who created their ideal woman in the shape of British actress Kelly LeBrock on a computer in the 1985 original.

Rumours surrounding the remake of the John Hughes comedy have been floating around since 2013, with producers now looking for an edgier tone.

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
While you're here
The%20specs
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Ferrari 12Cilindri specs

Engine: naturally aspirated 6.5-liter V12

Power: 819hp

Torque: 678Nm at 7,250rpm

Price: From Dh1,700,000

Available: Now

PRISCILLA
%3Cp%3EDirector%3A%20Sofia%20Coppola%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Cailee%20Spaeny%2C%20Jacob%20Elordi%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A
RESULTS

6.30pm UAE 1000 Guineas Trial Conditions (TB) US$100,000 (Dirt) 1,400m

Winner Final Song, Christophe Soumillon (jockey), Saeed bin Suroor (trainer).

7.05pm Handicap (TB) $135,000 (Turf) 1,000m

Winner Almanaara, Dane O’Neill, Doug Watson.

7.40pm Handicap (TB) $175,000 (D) 1,900m

Winner Grand Argentier, Brett Doyle, Doug Watson.

8.15pm Meydan Challenge Listed Handicap (TB) $175,000 (T) 1,400m

Winner Major Partnership, Patrick Cosgrave, Saeed bin Suroor.

8.50pm Dubai Stakes Group 3 (TB) $200,000 (D) 1,200m

Winner Gladiator King, Mickael Barzalona, Satish Seemar.

9.25pm Dubai Racing Club Classic Listed Handicap (TB) $175,000 (T) 2,410m

Winner Universal Order, Richard Mullen, David Simcock.

UAE currency: the story behind the money in your pockets
Command%20Z
%3Cp%3E%3Cstrong%3EDirector%3A%C2%A0%3C%2Fstrong%3ESteven%20Soderbergh%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%C2%A0%3C%2Fstrong%3EMichael%20Cera%2C%20Liev%20Schreiber%2C%20Chloe%20Radcliffe%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%C2%A03%2F5%3C%2Fp%3E%0A
The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

%20Ramez%20Gab%20Min%20El%20Akher
%3Cp%3E%3Cstrong%3ECreator%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStreaming%20on%3A%20%3C%2Fstrong%3EMBC%20Shahid%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2.5%2F5%3C%2Fp%3E%0A
Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
Bib%20Gourmand%20restaurants
%3Cp%3EAl%20Khayma%0D%3Cbr%3EBait%20Maryam%0D%3Cbr%3EBrasserie%20Boulud%0D%3Cbr%3EFi'lia%0D%3Cbr%3Efolly%0D%3Cbr%3EGoldfish%0D%3Cbr%3EIbn%20AlBahr%0D%3Cbr%3EIndya%20by%20Vineet%0D%3Cbr%3EKinoya%0D%3Cbr%3ENinive%0D%3Cbr%3EOrfali%20Bros%0D%3Cbr%3EReif%20Japanese%20Kushiyaki%0D%3Cbr%3EShabestan%0D%3Cbr%3ETeible%3C%2Fp%3E%0A
Trump v Khan

2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US

2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks

2019: Trump calls Khan a “stone cold loser” before first state visit

2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”

2022:  Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency

July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”

Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.

Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

WWE Super ShowDown results

Seth Rollins beat Baron Corbin to retain his WWE Universal title

Finn Balor defeated Andrade to stay WWE Intercontinental Championship

Shane McMahon defeated Roman Reigns

Lars Sullivan won by disqualification against Lucha House Party

Randy Orton beats Triple H

Braun Strowman beats Bobby Lashley

Kofi Kingston wins against Dolph Zigggler to retain the WWE World Heavyweight Championship

Mansoor Al Shehail won the 50-man Battle Royal

The Undertaker beat Goldberg

 

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

The Melbourne Mercer Global Pension Index

The Melbourne Mercer Global Pension Index

Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.

The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.

“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.

“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”

Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.

Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.

“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.

PROFILE

Name: Enhance Fitness 

Year started: 2018 

Based: UAE 

Employees: 200 

Amount raised: $3m 

Investors: Global Ventures and angel investors 

Results

7pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (Dirt) 1,600m; Winner: RB Kings Bay, Abdul Aziz Al Balushi (jockey), Helal Al Alawi (trainer)

7.30pm: Maiden (PA) Dh 70,000 (D) 1,600m; Winner: AF Ensito, Fernando Jara, Mohamed Daggash

8pm: Maiden (PA) Dh70,000 (D) 1,400m; Winner: AF Sourouh, Tadhg O’Shea, Ernst Oertel

8.30pm: Maiden (PA) Dh70,000 (D) 1,800m; Winner: Baaher, Fabrice Veron, Eric Lemartinel

9pm: Maiden (PA) Dh70,000 (D) 2,000m; Winner: Mootahady, Antonio Fresu, Eric Lemartinel

9.30pm: Handicap (TB) Dh70,000 (D) 2,000m; Winner: Dubai Canal, Tadhg O’Shea, Satish Seemar

10pm: Al Ain Cup – Prestige (PA) Dh100,000 (D) 2,000m; Winner: Harrab, Bernardo Pinheiro, Majed Al Jahouri

The smuggler

Eldarir had arrived at JFK in January 2020 with three suitcases, containing goods he valued at $300, when he was directed to a search area.
Officers found 41 gold artefacts among the bags, including amulets from a funerary set which prepared the deceased for the afterlife.
Also found was a cartouche of a Ptolemaic king on a relief that was originally part of a royal building or temple. 
The largest single group of items found in Eldarir’s cases were 400 shabtis, or figurines.

Khouli conviction

Khouli smuggled items into the US by making false declarations to customs about the country of origin and value of the items.
According to Immigration and Customs Enforcement, he provided “false provenances which stated that [two] Egyptian antiquities were part of a collection assembled by Khouli's father in Israel in the 1960s” when in fact “Khouli acquired the Egyptian antiquities from other dealers”.
He was sentenced to one year of probation, six months of home confinement and 200 hours of community service in 2012 after admitting buying and smuggling Egyptian antiquities, including coffins, funerary boats and limestone figures.

For sale

A number of other items said to come from the collection of Ezeldeen Taha Eldarir are currently or recently for sale.
Their provenance is described in near identical terms as the British Museum shabti: bought from Salahaddin Sirmali, "authenticated and appraised" by Hossen Rashed, then imported to the US in 1948.

- An Egyptian Mummy mask dating from 700BC-30BC, is on offer for £11,807 ($15,275) online by a seller in Mexico

- A coffin lid dating back to 664BC-332BC was offered for sale by a Colorado-based art dealer, with a starting price of $65,000

- A shabti that was on sale through a Chicago-based coin dealer, dating from 1567BC-1085BC, is up for $1,950

Gothia Cup 2025

4,872 matches 

1,942 teams

116 pitches

76 nations

26 UAE teams

15 Lebanese teams

2 Kuwaiti teams

The specs

Engine: 4-litre twin-turbo V8

Transmission: nine-speed

Power: 542bhp

Torque: 700Nm

Price: Dh848,000

On sale: now

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

Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

Updated: June 22, 2023, 12:23 PM