• Hwang Hee-chan celebrates after scoring South Korea's late winner in their 2-1 World Cup group-stage win over Portugal at the Education City Stadium, on Friday, December 2, 2022. AP
    Hwang Hee-chan celebrates after scoring South Korea's late winner in their 2-1 World Cup group-stage win over Portugal at the Education City Stadium, on Friday, December 2, 2022. AP
  • South Korea players celebrate after the match. AP
    South Korea players celebrate after the match. AP
  • South Korea's players celebrate after finding out they had qualified for the last-16 ahead of Uruguay. AP
    South Korea's players celebrate after finding out they had qualified for the last-16 ahead of Uruguay. AP
  • South Korea's players celebrate after finding out they had qualified for the last-16 ahead of Uruguay. AP
    South Korea's players celebrate after finding out they had qualified for the last-16 ahead of Uruguay. AP
  • Hwang Hee-chan celebrates after South Korea qualified for the last-16. Getty
    Hwang Hee-chan celebrates after South Korea qualified for the last-16. Getty
  • South Korea's Hwang Hee-chan scores their second goal. Reuters
    South Korea's Hwang Hee-chan scores their second goal. Reuters
  • Ricardo Horta celebrates scoring for Portugal. Getty
    Ricardo Horta celebrates scoring for Portugal. Getty
  • Kim Young-gwon scores for South Korea. Reuters
    Kim Young-gwon scores for South Korea. Reuters
  • South Korea attacker Son Heung-min. AP
    South Korea attacker Son Heung-min. AP
  • Portugal's Ricardo Horta scores after just five minutes. AP
    Portugal's Ricardo Horta scores after just five minutes. AP
  • Portugal forward Cristiano Ronaldo after missing a chance. AFP
    Portugal forward Cristiano Ronaldo after missing a chance. AFP
  • Kim Young-gwon celebrates scoring for South Korea.
    Kim Young-gwon celebrates scoring for South Korea.
  • Portugal players mob Ricardo Horta after his early goal. AP
    Portugal players mob Ricardo Horta after his early goal. AP
  • Portugal's Cristiano Ronaldo heads a chance wide. AFP
    Portugal's Cristiano Ronaldo heads a chance wide. AFP
  • Portugal's Pepe attempts to block a shot by South Korea captain Son Heung-min. AP
    Portugal's Pepe attempts to block a shot by South Korea captain Son Heung-min. AP
  • Portugal defender Pepe. AFP
    Portugal defender Pepe. AFP

World Cup 2022 witnesses a continental shift as Asian teams make their mark


John McAuley
  • English
  • Arabic

“Cheers, Son’s crying” go the memes, but this time the chances are he’d welcome them.

Son Heung-min was in tears on the turf, a crumpled, heaving puddle right in the middle of the Education City Stadium pitch. His mask, to protect the facial fractures he’d suffered while playing for his club last month – last month – had been discarded, yet he’d still provided a superhero’s touch.

On Friday, Son created South Korea’s winner against Portugal, setting off from deep in his own half in the 91st minute and setting Hwang Hee-chan on his way to steal it. South Korea, perennial World Cup participants, were in the knockout stages for the first time in 12 years.

There’d been tears the night before, too. In the stands, as that one Japan fan was captured on camera when probably millions more were just as overcome. Japan had proven lightening can strike twice: at the same Khalifa International Stadium where they upset Germany on Group E opening day, Hajime Moriyasu’s side stunned Spain.

Having lost to Costa Rica on Sunday, on Thursday Japan concluded their four-team pool at the summit. Above Spain, the 2010 champions and steamrollers of Costa Rica; above Germany, four-time World Cup winners and runners-up as recently as 2014. Even if the Germans have now failed to emerge from the initial phase for a second successive finals.

While Germany aren’t there, Australia are. Graham Arnold’s men rebounded from a hefty opening-day defeat to France to see off Tunisia and, then on Wednesday when it was needed most, Denmark, those oft-touted dark horses.

  • Ao Tanaka celebrates scoring Japan's second goal in the 2-1 Group E win against Spain at Khalifa International Stadium, Doha, on December 1, 2022. Reuters
    Ao Tanaka celebrates scoring Japan's second goal in the 2-1 Group E win against Spain at Khalifa International Stadium, Doha, on December 1, 2022. Reuters
  • Japan players celebrate reaching the last 16. Getty
    Japan players celebrate reaching the last 16. Getty
  • Japan's Ao Tanaka celebrates the end of the match. Getty
    Japan's Ao Tanaka celebrates the end of the match. Getty
  • Japan's Hidemasa Morita celebrates with teammates at the final whistle. PA
    Japan's Hidemasa Morita celebrates with teammates at the final whistle. PA
  • Ao Tanaka scores Japan's second goal. PA
    Ao Tanaka scores Japan's second goal. PA
  • Ao Tanaka celebrates with the Japan squad after scoring. Getty
    Ao Tanaka celebrates with the Japan squad after scoring. Getty
  • Ao Tanaka celebrates after scoring. Getty
    Ao Tanaka celebrates after scoring. Getty
  • Japan celebrate after Ritsu Doan levelled the scores at 1-1. AP
    Japan celebrate after Ritsu Doan levelled the scores at 1-1. AP
  • Ritsu Doan, left, celebrates with teammate Kaoru Mitoma. AP
    Ritsu Doan, left, celebrates with teammate Kaoru Mitoma. AP
  • Japan's Ritsu Doan celebrates scoring their first goal with teammates. Reuters
    Japan's Ritsu Doan celebrates scoring their first goal with teammates. Reuters
  • Alvaro Morata celebrates after putting Spain ahead. PA
    Alvaro Morata celebrates after putting Spain ahead. PA
  • Alvaro Morata celebrates after scoring. EPA
    Alvaro Morata celebrates after scoring. EPA
  • Alvaro Morata after putting Spain in front. AFP
    Alvaro Morata after putting Spain in front. AFP
  • Spain forward Alvaro Morata after scoring. AFP
    Spain forward Alvaro Morata after scoring. AFP

Mathew Leckie’s sublime solo goal was reward for a titanic team effort. Not just in coming back from France, but in getting to Qatar in the first place. When it comes to the national team, Australia felt the pinch of the pandemic more than most: only four of their ultimately 20 qualifiers – they had to negotiate the inter-continental play-off – took place at home.

Lockdowns, Arnold said, have helped unite the squad. It can seem an overwrought take at times, but in Qatar, Australia have again displayed their doggedness, their determination, their never-say-die attitude. It will be needed on Saturday, when they face Argentina in the country’s first World Cup knockout clash in 16 years.

So, for the first time in the history of the global finals, three countries from the Asian Football Confederation (AFC) have made it to the last 16. Japan meet Croatia on Monday; a few hours later, South Korea go up against Brazil.

Perhaps the AFC’s success should have been somewhat expected, what with a record six representatives at the tournament (Saudi Arabia and Iran supplied standout moments, in respective victories against Argentina and Wales, but hosts Qatar disappointed).

But Qatar 2022 has provided a more globally balanced knockouts overall. In Russia four years ago, 14 of the last-16 slots were made up of European and South American sides. Asia and Africa? One. Combined. In Brazil, 11 of the 16 places went to the perceived powerhouse confederations; the same in 2010, then 13 in 2006.

Asia was represented by a solitary team last time and none in 2014. Africa, meanwhile, none four years ago. Now, there are five sides from those two continents still there, still believing, still in with a chance of another upset in a World Cup full of them.

Since Fifa introduced the Round of 16 in 1986, there has never been fewer Uefa or Conmebol team represented at that stage. Maybe the winter World Cup, squeezed into the domestic season of the top leagues, has had an effect.

But the spread of success this time around is welcome. Son and South Korea, Japan, Australia, Morocco and Senegal have made the tournament all the richer for their last-16 runs.

Tips for SMEs to cope
  • Adapt your business model. Make changes that are future-proof to the new normal
  • Make sure you have an online presence
  • Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
  • Open communication with customers to see how they are coping and be flexible about extending terms, etc
    Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
'The Batman'

Stars:Robert Pattinson

Director:Matt Reeves

Rating: 5/5

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 03, 2022, 12:05 PM