A meeting of the Organisation for the Prohibition of Chemical Weapons.
A meeting of the Organisation for the Prohibition of Chemical Weapons.
A meeting of the Organisation for the Prohibition of Chemical Weapons.
A meeting of the Organisation for the Prohibition of Chemical Weapons.

Saudi Arabia elected chair of chemical weapons watchdog executive council until 2023


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Saudi Arabia was elected president of the executive council of the Organisation for the Prohibition of Chemical Weapons (OPCW) on Wednesday. The presidency runs until 2023.

The kingdom is one of the founding countries of OPCW, which was established in 1997 in the Netherlands. The executive council will be chaired by Ziyad bin Maashi Al Attiyah, Saudi ambassador to The Netherlands and its permanent representative to the OPCW.

The council is the executive body of the OPCW and works to "promote effective implementation and compliance with the convention", state media reported. It also supervises the activities of the technical secretariat of the organisation and considers the draft budget, draft report, and the special reports it submits to the Conference of States Parties to the Convention, according to the Saudi Press Agency.

The kingdom's role as the chair of the executive council of the OPCW "comes in light of the continuous achievements ... in international organisations, and also reflects its pivotal role and unremitting efforts in dealing with transparency and credibility with the data of international events in this field, and the extent to which the member states of the council and the organisation appreciate this role".

Mr Al Attiyah said that the kingdom aims to work with the world to prohibit weapons of mass destruction and ensure world peace and security.

OPCW has 41 member states and oversees the implementation of the Chemical Weapons Convention.

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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How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
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Everton v Tottenham, Sunday, 8.30pm (UAE)

Match is live on BeIN Sports

Long read

Mageed Yahia, director of WFP in UAE: Coronavirus knows no borders, and neither should the response

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What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

Rating: 2/5

The biog

Favourite films: Casablanca and Lawrence of Arabia

Favourite books: Start with Why by Simon Sinek and Good to be Great by Jim Collins

Favourite dish: Grilled fish

Inspiration: Sheikh Zayed's visionary leadership taught me to embrace new challenges.

Updated: March 10, 2022, 2:16 PM