An Israeli man receives a Covid-19 vaccine dose from the Magen David Adom emergency services, in Pisgat Ze’ev, an Israeli settlement in occupied East Jerusalem. Photo: Rosie Scammell
An Israeli man receives a Covid-19 vaccine dose from the Magen David Adom emergency services, in Pisgat Ze’ev, an Israeli settlement in occupied East Jerusalem. Photo: Rosie Scammell
An Israeli man receives a Covid-19 vaccine dose from the Magen David Adom emergency services, in Pisgat Ze’ev, an Israeli settlement in occupied East Jerusalem. Photo: Rosie Scammell
An Israeli man receives a Covid-19 vaccine dose from the Magen David Adom emergency services, in Pisgat Ze’ev, an Israeli settlement in occupied East Jerusalem. Photo: Rosie Scammell

Israel offers Covid-19 booster to all vaccinated people


Soraya Ebrahimi
  • English
  • Arabic

Israel on Sunday began offering a Covid-19 booster to children as young as 12.

Its prime minister said the decision one month ago to offer boosters to older people had slowed a rise in severe illness caused by the Delta variant.

Israeli health officials said the effectiveness of the second dose of the Pfizer-BioNTech vaccine waned six months after administration, making a booster necessary.

“The third dose brings us to the level of protection achieved by the second dose, when it was fresh,” said Dr Sharon Alroy-Preis, head of public health at Israel’s Ministry of Health.

“That means, people are 10 times more protected after the third vaccine dose,” she said in a news conference held to announce the expanded booster drive.

People become eligible for the third dose five months after having their second one.

The interval is shorter than that in the US, where eight months must elapse between the second and third doses. A reduction is being considered.

Israel began administering the booster to its older population a month ago, to curb the spread of the highly contagious Delta variant.

The age of eligibility has been gradually lowered, and stood at 30 before the announcement on Sunday.

Two million people have received three doses. Israel’s population is about nine million.

“There are already results: the increase in severe morbidity has begun to slow,” Prime Minister Naftali Bennett said in a statement.

“But we have to complete third doses for all of our citizens. I call on those aged 12 and up to go out and immediately take the third shot.”

Israel, the UAE and other countries have pressed ahead with booster plans despite opposition from the World Health Organisation, which said more people should receive their first dose before others have their third.

The US has said it will offer booster doses to all Americans, citing data showing diminishing protection. Canada, France and Germany have also planned booster campaigns.

What drives subscription retailing?

Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.

Batti Gul Meter Chalu

Producers: KRTI Productions, T-Series
Director: Sree Narayan Singh
Cast: Shahid Kapoor, Shraddha Kapoor, Divyenndu Sharma, Yami Gautam
Rating: 2/5

A cheaper choice

Vanuatu: $130,000

Why on earth pick Vanuatu? Easy. The South Pacific country has no income tax, wealth tax, capital gains or inheritance tax. And in 2015, when it was hit by Cyclone Pam, it signed an agreement with the EU that gave it some serious passport power.

Cost: A minimum investment of $130,000 for a family of up to four, plus $25,000 in fees.

Criteria: Applicants must have a minimum net worth of $250,000. The process take six to eight weeks, after which the investor must travel to Vanuatu or Hong Kong to take the oath of allegiance. Citizenship and passport are normally provided on the same day.

Benefits:  No tax, no restrictions on dual citizenship, no requirement to visit or reside to retain a passport. Visa-free access to 129 countries.

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

Company profile

Company: Eighty6 

Date started: October 2021 

Founders: Abdul Kader Saadi and Anwar Nusseibeh 

Based: Dubai, UAE 

Sector: Hospitality 

Size: 25 employees 

Funding stage: Pre-series A 

Investment: $1 million 

Investors: Seed funding, angel investors  

Updated: August 29, 2021, 8:14 PM