Dubai Opera has announced it will kick 2018 off in fine fashion with Andrew Lloyd Webber and Tim Rice's Evita set to tread the boards from January 22 to February 3.
The production, which tells the famous story of Eva Peron, the First Lady to Argentine president Juan Peron who dedicated her life to charity and has been heralded as the ‘spiritual leader of the nation’, will make its Dubai Opera debut following a smash-hit run in London’s West End.
Dubai audiences will be treated to 16 performances during the production's 13-day run, which combines the best of musical with award winning songs including Don't Cry For Me Argentina.
Released as a rock opera in 1976, the Tony award winning show, translated into over 14 languages, has over 40 years of success in the West End and Broadway.
The Broadway Entertainment Group, who has partnered with Dubai Opera is excited about its foray into the UAE. "Following on from the phenomenal successful seasons of Andrew Lloyd Webber's CATS at Dubai Opera, Broadway Entertainment Group is delighted to be presenting with Dubai Opera, this renowned musical classic," says Broadway Entertainment Group CEO Liz Koops. "Evita, this iconic musical is sure to delight and wow audiences."
Jasper Hope, Chief Executive at Dubai Opera commented: "I am delighted that we will welcome this sensational production of Evita to Dubai Opera with its scintillating score incorporating classic Latin tangos and pasos dobles. Love her or hate her, there's no doubting the impact of this incredible woman's story on Argentina and the world".
For further details go to www.dubaiopera.com.
mhealy@thenational.ae
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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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United States |
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2. |
China |
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3. |
UAE |
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4. |
Japan |
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5 |
Norway |
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6. |
Canada |
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7. |
Singapore |
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8. |
Australia |
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9. |
Saudi Arabia |
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10. |
South Korea |
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