• Kalush Orchestra of Ukraine are named the winners of the 66th Eurovision Song Contest at Pala Alpitour in Turin, Italy, on Saturday. Getty Images
    Kalush Orchestra of Ukraine are named the winners of the 66th Eurovision Song Contest at Pala Alpitour in Turin, Italy, on Saturday. Getty Images
  • Chanel from Spain performs during the Grand Final. AP Photo
    Chanel from Spain performs during the Grand Final. AP Photo
  • Kalush Orchestra pose for photographers after winning. AP Photo
    Kalush Orchestra pose for photographers after winning. AP Photo
  • Presenters Alessandro Cattelan and Mika during the Grand Final. Getty Images
    Presenters Alessandro Cattelan and Mika during the Grand Final. Getty Images
  • Eurovision 2022 presenters Alessandro Cattelan, Laura Pausini and Mika with Kalush Orchestra. Getty Images
    Eurovision 2022 presenters Alessandro Cattelan, Laura Pausini and Mika with Kalush Orchestra. Getty Images
  • Mika performs on stage. Getty Images
    Mika performs on stage. Getty Images
  • Mika performing to a spectacular backdrop. Getty Images
    Mika performing to a spectacular backdrop. Getty Images
  • Members of Kalush Orchestra celebrate after winning. AP Photo
    Members of Kalush Orchestra celebrate after winning. AP Photo
  • Britain's Sam Ryder, left, reacts as he finishes second in the annual song contest. AP Photo
    Britain's Sam Ryder, left, reacts as he finishes second in the annual song contest. AP Photo
  • Sam Ryder from Britain performs his song 'Space Man'. EPA
    Sam Ryder from Britain performs his song 'Space Man'. EPA
  • From left, Victoria De Angelis, Ethan Torchio, Damiano David and Thomas Raggi of Italy's 2021 Eurovision winners Maneskin perform. Getty Images
    From left, Victoria De Angelis, Ethan Torchio, Damiano David and Thomas Raggi of Italy's 2021 Eurovision winners Maneskin perform. Getty Images
  • Italian singer Laura Pausini performs. Getty Images
    Italian singer Laura Pausini performs. Getty Images
  • A general view of the Palaolimpico arena in Turin, where the extravaganza was held. AP Photo
    A general view of the Palaolimpico arena in Turin, where the extravaganza was held. AP Photo
  • Spectators react during the Grand Final. AP Photo
    Spectators react during the Grand Final. AP Photo

Ukraine defiant over hosting Eurovision Song Contest 2023


  • English
  • Arabic

The organiser of the Eurovision Song Contest has said it is in talks with the BBC to "potentially host" the event in the UK, after ruling next year's contest cannot be held in Ukraine.

Traditionally, each year's winning country hosts the competition the following year. Ukraine's Kalush Orchestra, a folk-rap group, won the competition in Turin, Italy, last month.

Ukraine has condemned the European Broadcasting Union's decision to strip it of the right to host next year's Eurovision song contest on security grounds after Russia's invasion.

"We will demand to change this decision, because we believe that we will be able to fulfill all the commitments... We demand additional negotiations on hosting Eurovision-2023 in Ukraine," Ukrainian Minister of Culture Oleksandr Tkachenko said.

The EBU, which organises the spectacle, said following a "full assessment and feasibility study" it had concluded the "security and operational guarantees" required to host the event cannot be fulfilled by Ukraine's public broadcaster UA:PBC.

The EBU said it was "sad and disappointed" the contest cannot be held in the war-torn country.

"The EBU has been supporting UA:PBC across a whole range of areas since the invasion. We will ensure this support continues so UA:PBC can maintain the indispensable service they provide to Ukrainians," it said.

"As a result of this decision, in accordance with the rules and to ensure the continuity of the event, the EBU will now begin discussions with the BBC, as this year's runner-up, to potentially host the 2023 Eurovision Song Contest in the UK.

"It is our full intention that Ukraine's win will be reflected in next year's shows. This will be a priority for us in our discussions with the eventual hosts."

If the UK does host the contest in 2023, it would be the ninth time it has done so — more than any other country.

"We have seen the announcement from the EBU. Clearly these aren't a set of circumstances that anyone would want. Following their decision, we will of course discuss the BBC hosting the Eurovision Song Contest," the BBC said.

The UK's Sam Ryder topped the jury vote in Turin but Kalush Orchestra went on to win overall after a symbolic show of public support which saw them soar to first place with 631 points.

They had been the frontrunners since Russia's invasion of Ukraine in February, which prompted organisers to ban the Russian entrant from competing.

“I ask all of you, please help Ukraine, Mariupol. Help Azovstal, right now,” frontman Oleg Psiuk said moments after their win, to the live crowd of about 7,500, many of whom gave a standing ovation, and a global television audience of millions.

Ukraine joined the international contest in 2003 and its three wins make it one of the most successful of the newer competitor countries — having also triumphed in 2004 and 2016.

— Additional reporting by PA News

  • Kalush Orchestra from Ukraine perform during the first semi-final of the 2022 Eurovision Song Contest in Turin, Italy. Reuters
    Kalush Orchestra from Ukraine perform during the first semi-final of the 2022 Eurovision Song Contest in Turin, Italy. Reuters
  • Leading bookmakers on fan site Eurovisionworld have installed Kalush Orchestra as the runaway favourites at this year's competition. EPA
    Leading bookmakers on fan site Eurovisionworld have installed Kalush Orchestra as the runaway favourites at this year's competition. EPA
  • After their energetic performance, Kalush Orchestra thanked everyone for supporting Ukraine amid the Russian invasion. EPA
    After their energetic performance, Kalush Orchestra thanked everyone for supporting Ukraine amid the Russian invasion. EPA
  • Hosts Italian television and radio presenter Alessandro Cattelan and singer Laura Pausini with Italian singers Blanco and Mahmood on stage. EPA
    Hosts Italian television and radio presenter Alessandro Cattelan and singer Laura Pausini with Italian singers Blanco and Mahmood on stage. EPA
  • S10 from the Netherlands performs to clinch a place in the final. Reuters
    S10 from the Netherlands performs to clinch a place in the final. Reuters
  • Laura Pausini kisses co-host Mika during the first semi-final. Reuters
    Laura Pausini kisses co-host Mika during the first semi-final. Reuters
  • The international song contest has two semi-finals, this year being held at the PalaOlimpico indoor stadium. EPA
    The international song contest has two semi-finals, this year being held at the PalaOlimpico indoor stadium. EPA
  • Italian singer Diodato performs during the first semi-final. EPA
    Italian singer Diodato performs during the first semi-final. EPA
  • Seventeen countries took part in the first semi-final. EPA
    Seventeen countries took part in the first semi-final. EPA
  • Ten countries advanced to the final at the end of the first semi-final, with seven countries with the lowest votes out of the competition. EPA
    Ten countries advanced to the final at the end of the first semi-final, with seven countries with the lowest votes out of the competition. EPA
  • Maro from Portugal performs 'Saudade saudade'. EPA
    Maro from Portugal performs 'Saudade saudade'. EPA
  • Amanda Georgiadi Tenfjord from Greece performs her song 'Die Together'. EPA
    Amanda Georgiadi Tenfjord from Greece performs her song 'Die Together'. EPA
  • It was the end of the Eurovision journey for the seven countries who received the lowest votes — Albania, Latvia, Slovenia, Bulgaria, Croatia, Denmark and Austria. EPA
    It was the end of the Eurovision journey for the seven countries who received the lowest votes — Albania, Latvia, Slovenia, Bulgaria, Croatia, Denmark and Austria. EPA
  • Systur (Sigga, Beta and Ela­n) from Iceland perform their song 'Med Haekkandi Sol'. EPA
    Systur (Sigga, Beta and Ela­n) from Iceland perform their song 'Med Haekkandi Sol'. EPA
  • Lumix & Pia Maria from Austria perform their song 'Halo'. EPA
    Lumix & Pia Maria from Austria perform their song 'Halo'. EPA
  • Intelligent Music Project from Bulgaria with the song 'Intentions'. EPA
    Intelligent Music Project from Bulgaria with the song 'Intentions'. EPA
  • Monika Liu from Lithuania with the song 'Sentimental'. EPA
    Monika Liu from Lithuania with the song 'Sentimental'. EPA
  • Zdob si Zdub and Advahov Brothers from Moldova. Reuters
    Zdob si Zdub and Advahov Brothers from Moldova. Reuters
  • Semi-final hosts Alessandro Cattelan, Laura Pausini and Lebanese-British singer Mika. EPA
    Semi-final hosts Alessandro Cattelan, Laura Pausini and Lebanese-British singer Mika. EPA
  • A total of 18 countries will take the stage at the second semi-final on Thursday, where 10 will reach Saturday's final, which will feature performances from 25 countries. EPA
    A total of 18 countries will take the stage at the second semi-final on Thursday, where 10 will reach Saturday's final, which will feature performances from 25 countries. EPA
  • The PalaOlimpico indoor stadium in Turin, Italy. EPA
    The PalaOlimpico indoor stadium in Turin, Italy. EPA
  • Intelligent Music Project from Bulgaria with the song 'Intentions'. EPA
    Intelligent Music Project from Bulgaria with the song 'Intentions'. EPA
  • Mia Dimsic from Croatia performs her song 'Guilty Pleasure'. EPA
    Mia Dimsic from Croatia performs her song 'Guilty Pleasure'. EPA
  • Mia Dimsic from Croatia. Reuters
    Mia Dimsic from Croatia. Reuters
  • LPS (Last Pizza Slice) from Slovenia. EPA
    LPS (Last Pizza Slice) from Slovenia. EPA
  • Rosa Linn from Armenia performs her song 'Snap'. EPA
    Rosa Linn from Armenia performs her song 'Snap'. EPA
  • Ronela Hajati from Albania with the song 'Sekret'. EPA
    Ronela Hajati from Albania with the song 'Sekret'. EPA
  • Citi Zeni from Latvia with the song 'Eat Your Salad'. EPA
    Citi Zeni from Latvia with the song 'Eat Your Salad'. EPA
  • The semi-final featured some classic Eurovision-style performances, including Norway's Subwoolfer, who reached the final. EPA
    The semi-final featured some classic Eurovision-style performances, including Norway's Subwoolfer, who reached the final. EPA
  • Norway's Subwoolfer performed their song 'Give That Wolf A Banana' dressed in their signature all-black outfits featuring yellow wolf-head masks. EPA
    Norway's Subwoolfer performed their song 'Give That Wolf A Banana' dressed in their signature all-black outfits featuring yellow wolf-head masks. EPA
  • Moldova's Zdob si Zdub and Advahov Brothers with the song 'Trenuletul'. EPA
    Moldova's Zdob si Zdub and Advahov Brothers with the song 'Trenuletul'. EPA
  • Russia was barred by organisers the day after it invaded Ukraine in late February. Reuters
    Russia was barred by organisers the day after it invaded Ukraine in late February. Reuters
  • Reddi from Denmark with the song 'The Show'. EPA
    Reddi from Denmark with the song 'The Show'. EPA
  • Dancers perform during the first semi-final. Reuters
    Dancers perform during the first semi-final. Reuters
  • Favourites Kalush Orchestra from Ukraine celebrate reaching the final. AP
    Favourites Kalush Orchestra from Ukraine celebrate reaching the final. AP
  • Italian television presenter Alessandro Cattelan, left, taps hands with her compatriot, singer Blanco, as Italian singers Mahmood and Laura Pausini look on during the first semi-final. AFP
    Italian television presenter Alessandro Cattelan, left, taps hands with her compatriot, singer Blanco, as Italian singers Mahmood and Laura Pausini look on during the first semi-final. AFP
  • Norway's Subwoolfer with the song 'Give That Wolf a Banana' perform during the first semi-final of the 66th annual song contest. EPA
    Norway's Subwoolfer with the song 'Give That Wolf a Banana' perform during the first semi-final of the 66th annual song contest. EPA
  • Members of Ukraine's band 'Kalush Orchestra' celebrate their final qualification. AFP
    Members of Ukraine's band 'Kalush Orchestra' celebrate their final qualification. AFP
  • Hosts Alessandro Cattelan, Laura Pausini and Mika gesture on stage. Reuters
    Hosts Alessandro Cattelan, Laura Pausini and Mika gesture on stage. Reuters
  • Italy's Diodato, centre. AP
    Italy's Diodato, centre. AP
  • Italy is hosting this year's competition after rock band Maneskin triumphed at the 2021 contest. The group will perform their new single 'Supermodel' at the final on Saturday. AFP
    Italy is hosting this year's competition after rock band Maneskin triumphed at the 2021 contest. The group will perform their new single 'Supermodel' at the final on Saturday. AFP
  • Intelligent Music Project from Bulgaria singing 'Intention'. AP
    Intelligent Music Project from Bulgaria singing 'Intention'. AP
  • Citi Zeni from Latvia. Reuters
    Citi Zeni from Latvia. Reuters
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%3Cul%3E%0A%3Cli%3ENever%20click%20on%20links%20provided%20via%20app%20or%20SMS%2C%20even%20if%20they%20seem%20to%20come%20from%20authorised%20senders%20at%20first%20glance%3C%2Fli%3E%0A%3Cli%3EAlways%20double-check%20the%20authenticity%20of%20websites%3C%2Fli%3E%0A%3Cli%3EEnable%20Two-Factor%20Authentication%20(2FA)%20for%20all%20your%20working%20and%20personal%20services%3C%2Fli%3E%0A%3Cli%3EOnly%20use%20official%20links%20published%20by%20the%20respective%20entity%3C%2Fli%3E%0A%3Cli%3EDouble-check%20the%20web%20addresses%20to%20reduce%20exposure%20to%20fake%20sites%20created%20with%20domain%20names%20containing%20spelling%20errors%3C%2Fli%3E%0A%3C%2Ful%3E%0A

Reputation

Taylor Swift

(Big Machine Records)

Dubai World Cup Carnival card:

6.30pm: Handicap (Turf) | US$175,000 2,410 metres

7.05pm: UAE 1000 Guineas Trial Conditions (Dirt) $100,000 1,400m

7.40pm: Handicap (T) $145,000 1,000m

8.15pm: Dubawi Stakes Group 3 (D) $200,000 1,200m

8.50pm: Singspiel Stakes Group 3 (T) $200,000 1,800m

9.25pm: Handicap (T) | $175,000 1,400m

Kanye%20West
%3Cp%3EYe%20%E2%80%94%20the%20rapper%20formerly%20known%20as%20Kanye%20West%20%E2%80%94%20has%20seen%20his%20net%20worth%20fall%20to%20%24400%20million%20in%20recent%20weeks.%20That%E2%80%99s%20a%20precipitous%20drop%20from%20Bloomberg%E2%80%99s%20estimates%20of%20%246.8%20billion%20at%20the%20end%20of%202021.%3Cbr%3EYe%E2%80%99s%20wealth%20plunged%20after%20business%20partners%2C%20including%20Adidas%2C%20severed%20ties%20with%20him%20on%20the%20back%20of%20anti-Semitic%20remarks%20earlier%20this%20year.%3Cbr%3EWest%E2%80%99s%20present%20net%20worth%20derives%20from%20cash%2C%20his%20music%2C%20real%20estate%20and%20a%20stake%20in%20former%20wife%20Kim%20Kardashian%E2%80%99s%20shapewear%20firm%2C%20Skims.%3C%2Fp%3E%0A
Harry%20%26%20Meghan
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ELiz%20Garbus%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Duke%20and%20Duchess%20of%20Sussex%0D%3Cbr%3E%0D%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3%2F5%3C%2Fp%3E%0A
Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Yabi%20by%20Souqalmal%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMay%202022%2C%20launched%20June%202023%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3EAmbareen%20Musa%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInitial%20investment%3A%20u%3C%2Fstrong%3Endisclosed%20but%20soon%20to%20be%20announced%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ENumber%20of%20staff%3A%20%3C%2Fstrong%3E12%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3Eseed%C2%A0%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EShuaa%20Capital%3C%2Fp%3E%0A

North Pole stats

Distance covered: 160km

Temperature: -40°C

Weight of equipment: 45kg

Altitude (metres above sea level): 0

Terrain: Ice rock

South Pole stats

Distance covered: 130km

Temperature: -50°C

Weight of equipment: 50kg

Altitude (metres above sea level): 3,300

Terrain: Flat ice
 

Overview

Cricket World Cup League Two: Nepal, Oman, United States tri-series, Tribhuvan University, Kathmandu

Fixtures
Wednesday February 5, Oman v Nepal
Thursday, February 6, Oman v United States
Saturday, February 8, United States v Nepal
Sunday, February 9, Oman v Nepal
Tuesday, February 11, Oman v United States
Wednesday, February 12, United States v Nepal

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

Tips for job-seekers
  • Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
  • Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.

David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East

What sanctions would be reimposed?

Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:

  • An arms embargo
  • A ban on uranium enrichment and reprocessing
  • A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
  • A targeted global asset freeze and travel ban on Iranian individuals and entities
  • Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
Result:

1. Cecilie Hatteland (NOR) atop Alex - 31.46 seconds

2. Anna Gorbacheva (RUS) atop Curt 13 - 31.82 seconds

3. Georgia Tame (GBR) atop Cash Up - 32.81 seconds

4. Sheikha Latifa bint Ahmed Al Maktoum (UAE) atop Peanuts de Beaufour - 35.85 seconds

5. Miriam Schneider (GER) atop Benur du Romet - 37.53 seconds

6. Annika Sande (NOR) atop For Cash 2 - 31.42 seconds (4 penalties)

Confirmed%20bouts%20(more%20to%20be%20added)
%3Cp%3ECory%20Sandhagen%20v%20Umar%20Nurmagomedov%0D%3Cbr%3ENick%20Diaz%20v%20Vicente%20Luque%0D%3Cbr%3EMichael%20Chiesa%20v%20Tony%20Ferguson%0D%3Cbr%3EDeiveson%20Figueiredo%20v%20Marlon%20Vera%0D%3Cbr%3EMackenzie%20Dern%20v%20Loopy%20Godinez%0D%3Cbr%3E%3C%2Fp%3E%0A%3Cp%3ETickets%20for%20the%20August%203%20Fight%20Night%2C%20held%20in%20partnership%20with%20the%20Department%20of%20Culture%20and%20Tourism%20Abu%20Dhabi%2C%20went%20on%20sale%20earlier%20this%20month%2C%20through%20www.etihadarena.ae%20and%20www.ticketmaster.ae.%0D%3Cbr%3E%3C%2Fp%3E%0A
Wayne Rooney's career

Everton (2002-2004)

  • Appearances: 48
  • Goals: 17
     

Manchester United (2004-2017)

  • Appearances: 496
  • Goals: 253
     

England (2003-)

  • Appearances: 119
  • Goals: 53
Jebel Ali results

2pm: Handicap (PA) Dh 50,000 (Dirt) 1,400m

Winner: AF Al Moreeb, Antonio Fresu (jockey), Ernst Oertel (trainer)

2.30pm: Maiden (TB) Dh 60,000 (D) 1,400m

Winner: Shamikh, Ryan Curatolo, Nicholas Bachalard

3pm: Handicap (TB) Dh 64,000 (D) 1,600m

Winner: One Vision, Connor Beasley, Ali Rashid Al Raihe

3.30pm: Conditions (TB) Dh 100,000 (D) 1,600m

Winner: Gabr, Sam Hitchcott, Doug Watson

4pm: Handicap (TB) Dh 96,000 (D) 1,800m

Winner: Just A Penny, Sam Hitchcock, Doug Watson

4.30pm: Maiden (TB) Dh 60,000 (D) 1,600m

Winner: Torno Subito, Sam Hitchcock, Doug Watson

5pm: Handicap (TB) Dh 76,000 (D) 1,950m

Winner: Untold Secret, Jose Santiago, Salem bin Ghadayer

Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

Rating: 2/5

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

Updated: June 18, 2022, 4:38 AM