Bhushan Kumar, the managing director of T-series. Manav Manglani / Reuters
Bhushan Kumar, the managing director of T-series. Manav Manglani / Reuters
Bhushan Kumar, the managing director of T-series. Manav Manglani / Reuters
Bhushan Kumar, the managing director of T-series. Manav Manglani / Reuters

T-Series gets music rights for Salman's latest films


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T-Series gets music rights for Salman’s latest films

T-Series, a major Indian music and film production company, has acquired the music rights for Kick and Mental – Salman Khan's latest movies. Bhushan Kumar, the chairman of T-Series, confirmed the news in a statement yesterday. "Right from Tere Naam, we have believed in getting the music rights of his projects," said Kumar. "I always make sure that both of us are happy with the deal. Our friendship spans many years." Kumar added that Khan, who recently flew to Dubai for a stint of filming for Mental, has complete faith in the production company when it comes to promoting and marketing his films and that he bought the rights to Dabangg 2 three months before the film was released. – IANS

Shilpa Shinde quits Chidiya Ghar

Saying that the job has "lost its newness", Shilpa Shinde has quit her role as Koel Narayan in the hit comedy show Chidiya Ghar. Although she said last year that the show "rocks" because it follows family traditions and gives a moral message to the viewers through the character of Babuji (Rajendra Gupta), Shinde has now said she will not extend her contract with the SAB TV show. "I would like to do a variety of roles. I don't want to get typecast. I want to quit the serial when it is still popular, so people remember me as the heroine of a hit serial and not of a boring one," she said. – IANS

Vishal Bhardwaj and Ekta Kapoor to do cameos in Ek Thi Naayka

The producers of Ek Thi Daayan, a thriller due for release next month, will take up cameo roles in a TV series to promote the film. Vishal Bhardwaj and Ekta Kapoor will join the other cast members in an eight-part series about Indian folklore. The pair admit to being nervous about their screen debuts with Kapoor, saying: "I am the most terrible actress you can find on the face of this Earth." Bhardwaj will make his entry in the first episode. The film itself, whose title translates as "There was a Witch", is a supernatural tale warning that the power of a witch lies in her plaited hair. – IANS

Balakrishna’s Ruler to start shooting in May

Nandamuri Balakrishna, one of the well-known stars of Tollywood (or Telugu cinema) has announced the start of his new film Ruler. The political drama, which is scheduled for release around the time of the Indian general elections in 2014, will begin filming on May 15. The film will be the 101st for Balakrishna and will be directed by Boyapati Srinu, who previously directed Balakrishna in the Telugu super hit Simha. It is being co-produced by Ram Achanta, Gopichand Achanta and Anil Sunkara under the 14 Reels Entertainment banner. – IANS

Big B wants Shoebite soon

The megastar Amitabh Bachchan, who played a man in his 60s on a journey of self-discovery in the UTV film Shoebite, says he wants it to be released soon. The film, directed by Shoojit Sircar, is embroiled in a legal battle with 20th Century Fox, which says it owns the rights and wants to make the movie starring Denzel Washington. Bachchan says a lot of hard work went into the movie. "A great amount of hard work and personal sweat has been put into that film. But such is life." – IANS

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The%20specs
%3Cp%3E%3Cstrong%3EPowertrain%3A%20%3C%2Fstrong%3ESingle%20electric%20motor%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E201hp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E310Nm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20auto%0D%3Cbr%3E%3Cstrong%3EBattery%3A%20%3C%2Fstrong%3E53kWh%20lithium-ion%20battery%20pack%20(GS%20base%20model)%3B%2070kWh%20battery%20pack%20(GF)%0D%3Cbr%3E%3Cstrong%3ETouring%20range%3A%20%3C%2Fstrong%3E350km%20(GS)%3B%20480km%20(GF)%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C900%20(GS)%3B%20Dh149%2C000%20(GF)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

What is tokenisation?

Tokenisation refers to the issuance of a blockchain token, which represents a virtually tradable real, tangible asset. A tokenised asset is easily transferable, offers good liquidity, returns and is easily traded on the secondary markets. 

SPECS

Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now

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
COMPANY%20PROFILE%20
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Bio

Born in Dibba, Sharjah in 1972.
He is the eldest among 11 brothers and sisters.
He was educated in Sharjah schools and is a graduate of UAE University in Al Ain.
He has written poetry for 30 years and has had work published in local newspapers.
He likes all kinds of adventure movies that relate to his work.
His dream is a safe and preserved environment for all humankind. 
His favourite book is The Quran, and 'Maze of Innovation and Creativity', written by his brother.

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

The specs: 2018 Mazda CX-5

Price, base / as tested: Dh89,000 / Dh130,000
Engine: 2.5-litre four-cylinder
Power: 188hp @ 6,000rpm
Torque: 251Nm @ 4,000rpm
Transmission: Six-speed automatic
​​​​​​​Fuel consumption, combined: 7.1L / 100km

The Uefa Awards winners

Uefa Men's Player of the Year: Virgil van Dijk (Liverpool)

Uefa Women's Player of the Year: Lucy Bronze (Lyon)

Best players of the 2018/19 Uefa Champions League

Goalkeeper: Alisson (Liverpool)

Defender: Virgil van Dijk (Liverpool)

Midfielder: Frenkie de Jong (Ajax)

Forward: Lionel Messi (Barcelona)

Uefa President's Award: Eric Cantona

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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