Endangered hawksbills released on Saadiyat Island for World Sea Turtle Day


Mahmoud Rida
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In celebration of World Sea Turtle Day on Friday, the Environment Agency – Abu Dhabi and the National Aquarium in Al Qana released endangered hawksbill turtles back into the sea, complete with GPS trackers to monitor their migratory movements.

The heart-warming journey began on the beach of Saadiyat Rotana Resort & Villas, and the event attracted a diverse group of attendees, including members of the community, sea-goers, fishermen and EAD rangers.

Saadiyat Island, named the Middle East's Leading Beach Destination by the World Travel Awards, is renowned for its pristine and diverse ecosystem, which supports a range of protected marine and wildlife species. The island makes efforts to preserve its natural surroundings and the various species that call it home, including humpback and bottlenose dolphins, native Arabian gazelles and a variety of bird species.

Hawksbill turtles, a native species, face numerous threats in their natural habitat, including marine pollution, loss of nesting sites, climate change and illegal poaching. The turtle release event was part of continuing efforts by Saadiyat Island to protect and conserve sea turtle populations in Abu Dhabi.

Stranded turtles are rescued by a team of scientists who assess their health and provide rehabilitation support based on an animal's individual needs. Nesting season for turtles in Abu Dhabi runs from March to June, during which female turtles return to the same beach where they were born to lay their own nests.

Saadiyat Island plays a leading role in sea turtle conservation efforts with its in-house marine biologist stationed at Saadiyat Jumeirah and a marine biology laboratory at NYU Abu Dhabi.

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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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While you're here
Updated: June 16, 2023, 12:45 PM