Hans Grundberg, the UN special envoy for Yemen, meets officials in Hodeidah on November 10, 2021. AFP
Hans Grundberg, the UN special envoy for Yemen, meets officials in Hodeidah on November 10, 2021. AFP
Hans Grundberg, the UN special envoy for Yemen, meets officials in Hodeidah on November 10, 2021. AFP
Hans Grundberg, the UN special envoy for Yemen, meets officials in Hodeidah on November 10, 2021. AFP

UN welcomes GCC initiative to hold Yemen talks


Mina Aldroubi
  • English
  • Arabic

The UN has welcomed an initiative led by the Gulf Co-operation Council to host Yemen talks in Saudi Arabia this month.

The consultations between members of Yemen’s internationally recognised government and representatives of the Houthi rebels are expected to take place in Riyadh from March 29 to April 7.

They will be aimed at reviving UN-led efforts to end the conflict.

“We appreciate all initiatives that support UN actions to reach an inclusive negotiated political settlement to the conflict in Yemen,” UN spokesman Stephane Dujarric said during a press conference on Sunday.

“In that context, we welcome the initiative announced by the GCC to host the parties to the conflict in Yemen for consultations in Riyadh in the coming weeks in support of the UN efforts,” Mr Dujarric said.

Yemen’s government has welcomed the push.

For more than a year, the Iran-backed Houthi rebels have rejected attempts to relaunch peace talks led by the UN. Instead, they have focused on capturing the city of Marib to gain control over the northern half of Yemen.

UN special envoy Hans Grundberg met Houthi officials in Oman last week to discuss consultations and efforts to address the dire humanitarian situation arising from the conflict, the UN said.

Discussions included a possible truce during the holy month of Ramadan, it said.

Yemen has been in a state of stalemate since the government was removed by the Iran-backed Houthi rebels.

They took over the capital, Sanaa in 2014, triggering a civil war.

Efforts to end the conflict have failed owing to a lack of trust between the warring sides.

Rounds of UN talks were held in Geneva and Sweden and led to the Stockholm Agreement in 2018.

It was put in place to secure the Red Sea port of Hodeidah and to avoid a major military confrontation in the city.

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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

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Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

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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.

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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.

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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: March 20, 2022, 2:27 PM