• Nurse Deboral Musthafa prepares before administering the Pfizer Covid-19 vaccine at the NMC Royal Hospital DIP in Dubai.
    Nurse Deboral Musthafa prepares before administering the Pfizer Covid-19 vaccine at the NMC Royal Hospital DIP in Dubai.
  • Fiji Antony has a consultation with head nurse Ahalya Chandrashekar before her Pfizer Covid-19 vaccine at the NMC Royal Hospital DIP in Dubai.
    Fiji Antony has a consultation with head nurse Ahalya Chandrashekar before her Pfizer Covid-19 vaccine at the NMC Royal Hospital DIP in Dubai.
  • Mohammad Mohamm receives his Pfizer Covid-19 vaccine at the NMC Royal Hospital DIP in Dubai.
    Mohammad Mohamm receives his Pfizer Covid-19 vaccine at the NMC Royal Hospital DIP in Dubai.
  • Fiji Antony receives her Pfizer Covid-19 vaccine at the NMC Royal Hospital DIP in Dubai.
    Fiji Antony receives her Pfizer Covid-19 vaccine at the NMC Royal Hospital DIP in Dubai.
  • Ranjani Poojari receives her Pfizer Covid-19 vaccine at the NMC Royal Hospital DIP in Dubai.
    Ranjani Poojari receives her Pfizer Covid-19 vaccine at the NMC Royal Hospital DIP in Dubai.
  • The Pfizer Covid-19 vaccine at the NMC Royal Hospital DIP in Dubai.
    The Pfizer Covid-19 vaccine at the NMC Royal Hospital DIP in Dubai.
  • People are booked in for the Pfizer Covid-19 vaccine at the NMC Royal Hospital DIP in Dubai.
    People are booked in for the Pfizer Covid-19 vaccine at the NMC Royal Hospital DIP in Dubai.
  • Anuj Dahal receives his Pfizer Covid-19 vaccine at the NMC Royal Hospital DIP in Dubai.
    Anuj Dahal receives his Pfizer Covid-19 vaccine at the NMC Royal Hospital DIP in Dubai.
  • Nurse Dennise Docil prepares before administering the Pfizer Covid-19 vaccine at the NMC Royal Hospital DIP in Dubai.
    Nurse Dennise Docil prepares before administering the Pfizer Covid-19 vaccine at the NMC Royal Hospital DIP in Dubai.

Covid vaccinations one year on: how the world compares today


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Live updates: follow the latest news on Covid-19 variant Omicron

On December 8, 2020, a UK grandmother became the first person in the world to receive the Pfizer-BioNTech vaccine in a milestone moment in the fight against Covid-19.

A day after Margaret Keenan, then 90, took the jab, the UAE announced it had registered the Sinopharm vaccine for public use.

They were important steps on the world's long and winding road to recovery from the pandemic.

At the moment unfortunately it’s inevitable that there are inequities in distribution, but it needn’t stay that way
Prof John Oxford,
Queen Mary University of London

While there have been bumps along the way, including the emergence of variants of the virus, much progress has been made in the 12 months since.

Vaccination programmes have gathered pace and continue to protect people from Covid-19 across the globe.

Almost 34 million doses are being administered each day and, worldwide, the total number of doses given has reached 8.24 billion.

“I’m absolutely astounded with how much vaccine has been produced under these circumstances right in the middle of a pandemic,” said Prof John Oxford, emeritus professor of virology at Queen Mary University of London and co-author of the textbook Human Virology.

“We know about shortages of this and that chemical, but China, Russia, the UK, Europe and America have forged ahead … The vaccines made are a fantastic achievement.”

The total number of doses administered exceeds the world population, but the unevenness of the rollout means that doses have been restricted to 4.34 billion people – 57 per cent of the global population.

So far 46 per cent of the world’s population has been fully vaccinated and 3.6 per cent have also received a booster dose.

Asia has administered 67.84 per cent of all doses, followed by Europe at 11.91 per cent, North America at 9.25 per cent, South America at 7.31 per cent, Africa at 3.07 per cent and Oceania at 0.61 per cent.

In terms of coverage, Africa has the lowest figure, with only 18 doses administered per 100 inhabitants.

While health officials in some parts of the world are considering giving out fourth doses, billions have yet to receive their first.

“At the moment unfortunately it’s inevitable [that there are inequities in distribution], but it needn’t stay that way,” said Prof Oxford.

The UAE heads the global charts with more than 99 per cent of people having received at least one dose and more than 90 per cent fully vaccinated.

Others near the top of the list include Singapore and Portugal, each having fully vaccinated almost 88 per cent of the population, followed by Chile and Malta, each with around 86 per cent fully vaccinated.

In some developed nations, especially in Europe and North America, vaccine hesitancy rather than inadequate supplies are placing an upper limit on levels of coverage.

China leads the world in number of shots given out, at 2.56 billion, which is almost double second-placed India’s total of 1.28 billion, while the US is third at 472 million, Brazil fourth at 316 million and Indonesia fifth at 242 million.

Booster programmes have begun in at least 80 nations and about 15 per cent of doses administered each day are now these third jabs.

Just two countries, Eritrea and North Korea, have reportedly not yet begun vaccination programmes.

Many poorer nations, unable to purchase their own supplies, are reliant on the Covax programme from the World Health Organisation (WHO), Gavi – a public-private vaccine alliance – and the Coalition for Epidemic Preparedness, a partnership set up to develop vaccines.

By the end of this year, Covax was due to have distributed two billion doses, but so far fewer than one third this number has been administered across 144 countries.

The biggest donor to Covax is the US, which announced it would give more than 850 million doses, of which 140 million have been delivered, while a further 53 million have been donated but not yet delivered.

Second is the EU, which has said it will give the initiative 451.15 million doses, of which 57.8 million have been delivered and a further 240.50 million have been donated but not yet delivered.

Germany has been the third most generous donor in terms of announcements, having said it will give Covax 175 million doses. So far, 14.9 million of these have been delivered and a further 84.2 million donated but not delivered.

While significant inequities in vaccine distribution remain, these have tended to work in alignment with where risks are greatest.

“To protect the world and stop the virus evolving so fast, we want to protect everybody,” said Prof David Taylor, emeritus professor of pharmaceutical and public health at University College London.

“It’s also true those most at risk are the elderly and the most developed countries have more older people.”

Although there are predictions that it may be well into 2023 before everyone has been offered a coronavirus vaccination, experts do think that inequities will reduce next year.

“In many South American countries there’s every sign the system is coming together and more people are getting access to adequate vaccination,” said Prof Taylor.

The emergence of new variants, such as Omicron, which was recently identified in South Africa and has already spread widely, may influence how rollouts progress.

If new variants prove significantly more resistant to the protection offered by vaccines, developed nations may secure a greater share of new doses than would otherwise be the case as they look to administer tweaked vaccines.

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: December 09, 2021, 10:40 AM