Just two years after India's Harnaaz Sandhu won the Miss Universe crown, another Punjabi beauty queen will hope to repeat her success this year.
Shweta Sharda, 22, is the new Miss Diva Universe. The Chandigarh-born model and dancer, who lives in Mumbai, will now represent India at the global Miss Universe pageant, to be held in El Salvador in November.
Sharda beat 15 other contestants to the title at the ceremony in Mumbai, where she was crowned by last year's winner, Divita Rai.
Sonal Kukreja was crowned Miss Diva Supranational 2023 and will represent India at the Miss Supranational pageant, while Trisha Shetty was named the Miss Diva 2023 runner-up.
Sandhu, who is also from Chandigarh, was one of the judges on the night.
Miss Diva is a part of the Femina Miss India group that selects India's representatives for Miss Universe, one of the Big Four international beauty pageants. A separate Femina Miss India is also held to pick India's representative at the Miss World pageant.
India has won the Miss Universe crown three times – Sushmita Sen in 1994, Lara Dutta in 2000 and Sandhu in 2021.
Who is Shweta Sharda?
Born in Chandigarh, the capital of Indian's northern Punjab state, Sharda moved to Mumbai at the age of 17 to follow her dreams of making it in the world of entertainment.
She has since appeared in several reality shows, including Dance India Dance and Dance Deewane. Her stint as a choreographer in another reality show, Jhalak Dikhhla Jaa, led her to work with big Bollywood stars including Deepika Padukone, Salman Khan and Katrina Kaif.
Most recently, Sharda starred in a music video for the song Mast Aankhein by Jubin Nautiyal and Tulsi Kumar, featuring alongside Bollywood actor Shantanu Maheshwari.
When will Miss Universe 2023 be held?
The 72nd Miss Universe pageant is to be held in El Salvador in November. The winner will be named on November 18, when reigning Miss Universe R'Bonney Gabriel from the US will pass on the crown.
For the first time in the history of the long-running pageant, married women and mothers are to be allowed to participate. This month, Michelle Cohn from Guatemala became the first married woman and mother to be a contestant.
Cohn, a model and entrepreneur, has a son and daughter with husband Andres Matheu.
So far, more than 50 countries have announced their representatives, but plenty more national contests have not yet taken place.
A total of 83 countries were represented at Miss Universe 2022, held in January due to a postponement. Gabriel, a Filipina-American fashion designer and model, won the crown at the event in the US city of New Orleans.
Company profile
Date started: December 24, 2018
Founders: Omer Gurel, chief executive and co-founder and Edebali Sener, co-founder and chief technology officer
Based: Dubai Media City
Number of employees: 42 (34 in Dubai and a tech team of eight in Ankara, Turkey)
Sector: ConsumerTech and FinTech
Cashflow: Almost $1 million a year
Funding: Series A funding of $2.5m with Series B plans for May 2020
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
Company Profile
Company name: OneOrder
Started: October 2021
Founders: Tamer Amer and Karim Maurice
Based: Cairo, Egypt
Industry: technology, logistics
Investors: A15 and self-funded