Aviation industry's leaders will descend on the UAE capital from November 1-3 for the 10th Abu Dhabi Air Expo. Photo: Abu Dhabi Airports
Aviation industry's leaders will descend on the UAE capital from November 1-3 for the 10th Abu Dhabi Air Expo. Photo: Abu Dhabi Airports
Aviation industry's leaders will descend on the UAE capital from November 1-3 for the 10th Abu Dhabi Air Expo. Photo: Abu Dhabi Airports
Aviation industry's leaders will descend on the UAE capital from November 1-3 for the 10th Abu Dhabi Air Expo. Photo: Abu Dhabi Airports

Abu Dhabi Air Expo 2022: what to expect, from flying displays to hybrid aircraft


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The UAE capital is set to host the 10th Abu Dhabi Air Expo next month after a four-year hiatus because of the Covid-19 pandemic, as the aviation industry recovers from the global health crisis.

The biannual aviation and aerospace event is expected to draw 300 participating companies and 20,000 visitors when it starts on November 1, its host Abu Dhabi Airports estimates.

"Hosting Abu Dhabi Air Expo reflects Abu Dhabi’s commitment to enable growth and development of the aviation and aerospace sectors, which continue to play an important role in the socio-economic development of Abu Dhabi by facilitating connectivity, trade, logistics and tourism," said Sheikh Mohammed Al Nahyan, chairman of Abu Dhabi Airports.

The National takes a closer look at what to expect during the three-day event.

Where is Abu Dhabi Air Expo located?

The show will take place at Al Bateen Airport at the heart of the UAE capital at an exhibition space spanning 80,000 square metres.

Who is expected to attend?

Industry leaders from around the world will gather at the Air Expo with participants from general aviation, airlines, airport authorities, civil aviation, aviation technology, cargo and more.

Participating or exhibiting companies include Dassault, Gulfstream, Cirrus, Sanad, Abu Dhabi Aviation, Royal Jet, Falcon Aviation Services (FAS), Abu Dhabi Holding (ADQ), AERO and Global Air Navigation Services (GANS), among others.

Will there be any flying displays?

Flyovers by commercial jets and an aerobatics demonstration from the Al Fursan team, part of the UAE Air Force, are scheduled at the show to entertain delegates and visitors.

Visitors can also explore the static display of all the latest aircraft on the market, from ultralight to business jets and helicopters.

What activities will take place?

Major announcements, conferences, a newly introduced Aviation Think Tank forum and networking meetings are all on the agenda for this year's expo.

The three-day event will feature the latest innovations in private jet aircraft, helicopters, executive charter services, airport equipment and services, avionics systems, insurance and financing, according to the organisers.

The Aviation Think Tank has attracted more than 80 speakers who will discuss topics including the growth and future of air cargo, the importance of aviation training and development, green aviation, the role of women in aviation sustainability, air traffic management, airport security, future of aircraft maintenance, AI and robotics, retail services at airports, urban mobility, electric vertical take-off and landing (eVTOL) aircraft and the post-pandemic future of the industry.

Jamal Al Dhaheri, managing director and chief executive of Abu Dhabi Airports, said: "We look forward to welcoming the aviation community to the Abu Dhabi Air Expo and to all the new industry announcements that will take place, injecting renewed excitement in the sector and promoting growth, through strategic partnerships, in Abu Dhabi’s economy."

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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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Updated: October 24, 2022, 2:26 PM