United Nations Secretary-General Antonio Guterres speaks during a press briefing at United Nations Headquarters in New York City. AFP
United Nations Secretary-General Antonio Guterres speaks during a press briefing at United Nations Headquarters in New York City. AFP
United Nations Secretary-General Antonio Guterres speaks during a press briefing at United Nations Headquarters in New York City. AFP
United Nations Secretary-General Antonio Guterres speaks during a press briefing at United Nations Headquarters in New York City. AFP

UN chief endorses Saudi Arabia’s peace plan for Yemen


Mina Aldroubi
  • English
  • Arabic

The United Nations Secretary General Antonio Guterres urged Yemen’s warring sides to “seize” an opportunity for peace presented by Saudi Arabia that aims to end the war.

A peace plan was presented by the kingdom on Sunday that called for a nationwide ceasefire, the reopening of Sanaa airport to selected destinations, the resumption of talks between Yemen’s warring sides, allowing additional fuel and commodities to enter Hodeidah port and supporting efforts of reconstruction and aid to the country.

“The Secretary General urges the parties to seize this opportunity and work with his Special Envoy, Martin Griffiths, on the way forward in good faith and without preconditions,” according to a statement from the UN chief.

“He reiterates that all actors and stakeholders must do their utmost to facilitate an immediate agreement that brings Yemen back to a path towards peace,” said the statement.

Yemen has been mired in conflict since the Houthis ousted the internationally recognised government in the capital, Sanaa, in late 2014.

Mr Guterres expresses his thanks to the kingdom for its support for the United Nations efforts, said the statement.

Saudi Arabia’s peace plan was welcomed by the international community, who urged all sides to work towards ending the six-year conflict.

But the Houthi rebels appeared to reject the proposal almost immediately, saying it would not countenance talks until Saudi Arabia brings its military campaign to a complete halt.

UN efforts to mediate an end to the conflict looked hopeful in December 2018, with an agreement reached in Stockholm for ceasefires in the port city of Hodeidah and two other ports, Salif and Ras Issa, and a successful prisoner exchange.

However, major delays caused by the Houthis arguing over the detail of the agreement have prevented major aspects being implemented.

Some elements of Saudi Arabia’s new plan were already agreed in Stockholm

"What practically needs to happen next is that the parties discuss and agree on these elements," a UN official told The National.

Discussions with the parties, including the Houthis, continue and international as well as regional efforts also continue, said the official.

As the conflict in Yemen enters its seventh year, Yemenis continue to face a dire humanitarian situation, including the prospect of a large-scale famine, while a significant funding gap remains.

“Underlining that the needs of the Yemeni people must be put above any other considerations, the Secretary General calls for fuel ships to be urgently allowed into the port of Hodeidah and for the removal of obstacles to domestic distribution,” said the UN statement.

Saudi Arabia's plan also stipulates that taxes and fees from Hodeidah port be put into a joint account in Yemen’s Central Bank that both the government and the Iranian-backed rebels would be able to access.

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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GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)