Governments must implement solutions to safely reopen their tourism industries to protect businesses and the livelihoods of workers dependent on the sector, the United Nations said.
The UN World Tourism Organisation called for international co-ordination among countries on measures to re-start travel and revive the ailing tourism sector that has suffered billions of dollars in losses during the Covid-19 pandemic, according to a statement on August 18.
"Short-sighted unilateral actions will have devastating consequences in the long run," Zurab Pololikashvili, secretary-general of the UNWTO said. "It will be the most vulnerable members of our societies who will be hit the hardest as those most shielded from the economic and social consequences of tourism’s standstill urge continued caution."
Tourism is among the sectors hardest hit by the global pandemic that has severely curtailed travel. As countries begin to gradually reopen their borders and ease restrictions to curb the virus, global industry bodies are calling for a harmonised approach to re-start travel.
While reopening borders is a "welcome relief" to millions of tourism-dependent workers and businesses, this step alone is insufficient and policy makers must also implement solutions to adapt to the new reality, the UNWTO said.
Rapid but rigorous testing at ports and airports as well as tracing and tracking apps can potentially drive the safe restart of tourism.
"These solutions need to be fully embraced, not just cautiously explored," Mr Pololikashvili said. "To delay will be a catastrophe and risk undoing all the progress we have made to establish tourism as a true pillar of sustainable and inclusive development."
In its latest Travel Restrictions Report published in July, the UNWTO showed that 115 destinations, or 53 per cent of the global total, continue to keep their borders completely closed for tourism.
The cost of coronavirus-related travel restrictions for the tourism industry has been massive.
By the end of May, the pandemic had led to $320 billion (Dh1.17 trillion) in lost tourism revenues, already three times the cost of the 2008 global economic crisis, according to the UN body.
Global air passenger traffic is unlikely to recover to pre-Covid-19 levels before 2024, a year later than previously expected, the International Air Transport Association said in its revised five-year forecast last month.
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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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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if you go
The flights
Etihad, Emirates and Singapore Airlines fly direct from the UAE to Singapore from Dh2,265 return including taxes. The flight takes about 7 hours.
The hotel
Rooms at the M Social Singapore cost from SG $179 (Dh488) per night including taxes.
The tour
Makan Makan Walking group tours costs from SG $90 (Dh245) per person for about three hours. Tailor-made tours can be arranged. For details go to www.woknstroll.com.sg
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Range: Up to 610km
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Engine: 3.0-litre flat-six twin-turbocharged
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Shakhtar Donetsk (2) v Wolfsburg (1) 8.55pm
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Sir Tim Berners-Lee was born in London in a household of mathematicians and computer scientists. Both his mother, Mary Lee, and father, Conway, were early computer scientists who worked on the Ferranti 1 - the world's first commercially-available, general purpose digital computer. Sir Tim studied Physics at the University of Oxford and held a series of roles developing code and building software before moving to Switzerland to work for Cern, the European Particle Physics laboratory. He developed the worldwide web code as a side project in 1989 as a global information-sharing system. After releasing the first web code in 1991, Cern made it open and free for all to use. Sir Tim now campaigns for initiatives to make sure the web remains open and accessible to all.
Titanium Escrow profile
Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue
Stage: Early stage
Investors: Founder's friends and Family
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