An aerial view of the aftermath of Cyclone Shaheen in Al Khaburah city of Oman's Al Batinah region, on October 4, 2021. AFP
An aerial view of the aftermath of Cyclone Shaheen in Al Khaburah city of Oman's Al Batinah region, on October 4, 2021. AFP
An aerial view of the aftermath of Cyclone Shaheen in Al Khaburah city of Oman's Al Batinah region, on October 4, 2021. AFP
An aerial view of the aftermath of Cyclone Shaheen in Al Khaburah city of Oman's Al Batinah region, on October 4, 2021. AFP

Oman to build 328 houses for flood-stricken families


Saleh Al Shaibany
  • English
  • Arabic

Oman’s Ministry of Housing and Urban Planning is planning to build 328 houses for families who lost their properties due to Cyclone Shaheen, Oman TV reports.

More than 1,000 houses were damaged by floodwaters following severe storms that started on October 3, Oman TV said.

The storms killed 12 people in Oman and two fishermen in Iran.

“We are now looking for lands that are away from the low lying areas which are prone to floods to build the houses for the victims who had their homes destroyed," the ministry said.

Planning and construction will start once that step is achieved.

More than 5,000 people affected by the floods were moved to temporary accommodation, but most have now returned to their homes.

Omani volunteers clean homes affected by Cyclone Shaheen in Al Khaburah city of Oman's Al Batinah region on October 8, 2021. AFP
Omani volunteers clean homes affected by Cyclone Shaheen in Al Khaburah city of Oman's Al Batinah region on October 8, 2021. AFP

“This is extremely good news. My family and I was worried about our future and where we are going to live. Half of our house has been destroyed. We are now living in a shelter but we are happy that the government has taken a quick decision to build us another home,” Hilal Al-Khalili, from Saham, told The National.

Abdullah Al-Shamsi, who lost his house in Sohar, said he can now rest assured.

“I am resting my worries now since I heard the news. A team from the housing ministry came over and inspected my house and I thought all I would get is a compensation of a few thousands rials only. But to get a new house for our family is a huge relief,” he said.

Most damage was caused in Oman's Batinah region, in the towns of Al Musannah, Suwaiq, Saham, Khabourah and Sohar, which were hit by 60-knot winds and 12-metre waves.

About 20,000 volunteers, both Omanis and expatriates, united for the clean-up operation.

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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Honeymoonish
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Marathon results

Men:

 1. Titus Ekiru(KEN) 2:06:13 

2. Alphonce Simbu(TAN) 2:07:50 

3. Reuben Kipyego(KEN) 2:08:25 

4. Abel Kirui(KEN) 2:08:46 

5. Felix Kemutai(KEN) 2:10:48  

Women:

1. Judith Korir(KEN) 2:22:30 

2. Eunice Chumba(BHR) 2:26:01 

3. Immaculate Chemutai(UGA) 2:28:30 

4. Abebech Bekele(ETH) 2:29:43 

5. Aleksandra Morozova(RUS) 2:33:01  

While you're here
Squid Game season two

Director: Hwang Dong-hyuk 

Stars:  Lee Jung-jae, Wi Ha-joon and Lee Byung-hun

Rating: 4.5/5

The story in numbers

18

This is how many recognised sects Lebanon is home to, along with about four million citizens

450,000

More than this many Palestinian refugees are registered with UNRWA in Lebanon, with about 45 per cent of them living in the country’s 12 refugee camps

1.5 million

There are just under 1 million Syrian refugees registered with the UN, although the government puts the figure upwards of 1.5m

73

The percentage of stateless people in Lebanon, who are not of Palestinian origin, born to a Lebanese mother, according to a 2012-2013 study by human rights organisation Frontiers Ruwad Association

18,000

The number of marriages recorded between Lebanese women and foreigners between the years 1995 and 2008, according to a 2009 study backed by the UN Development Programme

77,400

The number of people believed to be affected by the current nationality law, according to the 2009 UN study

4,926

This is how many Lebanese-Palestinian households there were in Lebanon in 2016, according to a census by the Lebanese-Palestinian dialogue committee

Porsche Macan T: The Specs

Engine: 2.0-litre 4-cyl turbo 

Power: 265hp from 5,000-6,500rpm 

Torque: 400Nm from 1,800-4,500rpm 

Transmission: 7-speed dual-clutch auto 

Speed: 0-100kph in 6.2sec 

Top speed: 232kph 

Fuel consumption: 10.7L/100km 

On sale: May or June 

Price: From Dh259,900  

The specs
Engine: 2.0-litre 4-cyl turbo

Power: 201hp at 5,200rpm

Torque: 320Nm at 1,750-4,000rpm

Transmission: 6-speed auto

Fuel consumption: 8.7L/100km

Price: Dh133,900

On sale: now 

THE BIO:

Favourite holiday destination: Thailand. I go every year and I’m obsessed with the fitness camps there.

Favourite book: Born to Run by Christopher McDougall. It’s an amazing story about barefoot running.

Favourite film: A League of their Own. I used to love watching it in my granny’s house when I was seven.

Personal motto: Believe it and you can achieve it.

The Bio

Name: Lynn Davison

Profession: History teacher at Al Yasmina Academy, Abu Dhabi

Children: She has one son, Casey, 28

Hometown: Pontefract, West Yorkshire in the UK

Favourite book: The Alchemist by Paulo Coelho

Favourite Author: CJ Sansom

Favourite holiday destination: Bali

Favourite food: A Sunday roast

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The%20specs
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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Napoleon
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Updated: November 01, 2021, 12:30 PM