• Miss India Harnaaz Sandhu, left, is crowned Miss Universe 2021 by Miss Universe 2020 Andrea Meza from Mexico during the Miss Universe 2021 pageant in Eilat, Israel. Contestants from 80 countries and territories competed in the Miss Universe 2021 pageant. EPA
    Miss India Harnaaz Sandhu, left, is crowned Miss Universe 2021 by Miss Universe 2020 Andrea Meza from Mexico during the Miss Universe 2021 pageant in Eilat, Israel. Contestants from 80 countries and territories competed in the Miss Universe 2021 pageant. EPA
  • Miss India Harnaaz Sandhu reacts as the Miss Universe crown is placed on her head by the outgoing Miss Universe Andrea Meza of Mexico, at the Red Sea resort of Eilat in Israel. Reuters
    Miss India Harnaaz Sandhu reacts as the Miss Universe crown is placed on her head by the outgoing Miss Universe Andrea Meza of Mexico, at the Red Sea resort of Eilat in Israel. Reuters
  • Contestants congratulate Miss Universe 2021 winner Harnaaz Sandhu. Reuters
    Contestants congratulate Miss Universe 2021 winner Harnaaz Sandhu. Reuters
  • Miss Universe contestants congratulate Harnaaz Sandhu as she is crowned Miss Universe during the 70th Miss Universe beauty pageant. AFP
    Miss Universe contestants congratulate Harnaaz Sandhu as she is crowned Miss Universe during the 70th Miss Universe beauty pageant. AFP
  • Miss India Harnaaz Sandhu walks on the stage among celebrations after being crowned Miss Universe 2021. EPA
    Miss India Harnaaz Sandhu walks on the stage among celebrations after being crowned Miss Universe 2021. EPA
  • Miss Universe 2021 Harnaaz Sandhu from India speaks to reporters after winning the 70th Miss Universe beauty pageant. AFP
    Miss Universe 2021 Harnaaz Sandhu from India speaks to reporters after winning the 70th Miss Universe beauty pageant. AFP
  • Miss Universe second runner-up Lalela Mswane from South Africa reacts during the 70th Miss Universe beauty pageant. AFP
    Miss Universe second runner-up Lalela Mswane from South Africa reacts during the 70th Miss Universe beauty pageant. AFP
  • The final three Miss Universe contestants, left to right, Miss South Africa, Lalela Mswane; Miss India, Harnaaz Sandhu; and Miss Paraguay, Nadia Ferreira, pose on stage during the pageant. AFP
    The final three Miss Universe contestants, left to right, Miss South Africa, Lalela Mswane; Miss India, Harnaaz Sandhu; and Miss Paraguay, Nadia Ferreira, pose on stage during the pageant. AFP
  • US singer JoJo performs on stage during the 70th Miss Universe beauty pageant. AFP
    US singer JoJo performs on stage during the 70th Miss Universe beauty pageant. AFP
  • Miss India Harnaaz Sandhu during the swimsuit round of the 70th Miss Universe beauty pageant. AFP
    Miss India Harnaaz Sandhu during the swimsuit round of the 70th Miss Universe beauty pageant. AFP
  • Miss South Africa Lalela Mswane poses in the evening gown competition during the pageant. AFP
    Miss South Africa Lalela Mswane poses in the evening gown competition during the pageant. AFP
  • US television host Steve Harvey asks Miss India Harnaaz Sandhu the final question during the 70th Miss Universe pageant. AFP
    US television host Steve Harvey asks Miss India Harnaaz Sandhu the final question during the 70th Miss Universe pageant. AFP
  • Miss Universe 2021 contestants pose during the pageant. Reuters
    Miss Universe 2021 contestants pose during the pageant. Reuters
  • Miss Universe 2020 Andrea Meza appears during the 70th Miss Universe pageant. AP Photo
    Miss Universe 2020 Andrea Meza appears during the 70th Miss Universe pageant. AP Photo
  • Outgoing Miss Universe Andrea Meza of Mexico poses during the event. Reuters
    Outgoing Miss Universe Andrea Meza of Mexico poses during the event. Reuters
  • Miss France Clemence Botino poses during the swimsuit round at the Miss Universe 2021 pageant. EPA
    Miss France Clemence Botino poses during the swimsuit round at the Miss Universe 2021 pageant. EPA
  • Miss Puerto Rico Michelle Colon poses during the Miss Universe 2021 pageant. EPA
    Miss Puerto Rico Michelle Colon poses during the Miss Universe 2021 pageant. EPA
  • Miss Colombia Valeria Ayos poses during the Miss Universe 2021 pageant. EPA
    Miss Colombia Valeria Ayos poses during the Miss Universe 2021 pageant. EPA
  • Miss USA Elle Smith poses during the Miss Universe pageant. Reuters
    Miss USA Elle Smith poses during the Miss Universe pageant. Reuters
  • Miss India Harnaaz Sandhu and at the pageant. AFP
    Miss India Harnaaz Sandhu and at the pageant. AFP
  • Paraguay's Nadia Ferreira poses during the final round of the 70th Miss Universe pageant. AP Photo
    Paraguay's Nadia Ferreira poses during the final round of the 70th Miss Universe pageant. AP Photo
  • Miss Universe semifinalists pose on stage during the swimsuit competition of the 70th Miss Universe beauty pageant in Israel's southern Red Sea coastal city of Eilat. AFP
    Miss Universe semifinalists pose on stage during the swimsuit competition of the 70th Miss Universe beauty pageant in Israel's southern Red Sea coastal city of Eilat. AFP
  • US television host Steve Harvey hosts the 70th Miss Universe beauty pageant. AFP
    US television host Steve Harvey hosts the 70th Miss Universe beauty pageant. AFP
  • Judges Adriana Lima, left, and Lori Harvey at the 70th Miss Universe pageant. AP Photo
    Judges Adriana Lima, left, and Lori Harvey at the 70th Miss Universe pageant. AP Photo

Miss Universe 2022 postponed to next year


  • English
  • Arabic

There will be no Miss Universe pageant this year, with the 2022 winner likely to be crowned in the first half of next year, sources have confirmed to The National. An official announcement is set to be made soon.

While no reason has been given for the postponement, it is probable that two Miss Universe pageants will be held next year, with the 2023 winner being crowned later in the year.

An internal memo sent to national directors and seen by Puerto Rican daily El Vocero de Puerto Rico simply reads: "We are going to hold the Miss Universe event in the first quarter of 2023, we will announce it soon."

The news effectively extends the reign of Harnaaz Sandhu from India, who was crowned Miss Universe 2021 in December last year. But the longest-reigning Miss Universe is Zozibini Tunzi of South Africa, who won the tile in 2019.

Tunzi reigned for 525 days after the 2020 pageant was cancelled owing to the Covid-19 pandemic. She crowned her successor Andrea Meza from Mexico in May 2021, in turn making Meza's the shortest reign in history. Meza passed on her crown to Sandhu at a pageant in Israel in December last year after 211 days.

More than 50 countries, from the UK to Ukraine and Guatemala to Ghana, have named their representatives for the 71st Miss Universe, the location for which is yet to revealed. In the region, Miss Universe Bahrain will be named on September 11, according to organisers.

Last week, architect and model Divita Rai was crowned as Miss Universe India, better known as Miss Diva, with Sandhu on hand to name her Indian successor.

Scroll through the gallery below for pictures of Miss Universe 2022 contestants who have already been crowned, from India to Lebanon

  • Miss Universe Turkey 2022 is Aleyana Sirin. Photo: Instagram / Aleyanasirinn
    Miss Universe Turkey 2022 is Aleyana Sirin. Photo: Instagram / Aleyanasirinn
  • Miss Universe Italy 2022 is Virginia Stablum. Photo: / Instagram / Virginia.Stablum
    Miss Universe Italy 2022 is Virginia Stablum. Photo: / Instagram / Virginia.Stablum
  • Miss Universe Kyrgyzstan 2022 is Altynai Botoyarova. Photo: Instagram / botoyarova_altynai
    Miss Universe Kyrgyzstan 2022 is Altynai Botoyarova. Photo: Instagram / botoyarova_altynai
  • Evlin Khalifa, 24, is the second Miss Universe Bahrain. Photo: Miss Universe Bahrain
    Evlin Khalifa, 24, is the second Miss Universe Bahrain. Photo: Miss Universe Bahrain
  • Miss Universe Spain, Alicia Faubel, comes from Alicante and has lived in Dubai and the Philippines. Photo: Instagram / alicia.aliccia
    Miss Universe Spain, Alicia Faubel, comes from Alicante and has lived in Dubai and the Philippines. Photo: Instagram / alicia.aliccia
  • Divita Rai, 23, winner of India's Miss Diva Universe 2022. Photo: Miss Diva
    Divita Rai, 23, winner of India's Miss Diva Universe 2022. Photo: Miss Diva
  • Sophiya Bhujel was crowned Oriflame Miss Universe Nepal 2022. Photo: Miss Universe Nepal
    Sophiya Bhujel was crowned Oriflame Miss Universe Nepal 2022. Photo: Miss Universe Nepal
  • Ndavi Nokeri, winner of Miss Universe South Africa 2022. Photo: Miss South Africa
    Ndavi Nokeri, winner of Miss Universe South Africa 2022. Photo: Miss South Africa
  • Anna Sueangam-iam was named Miss Universe Thailand 2022. Photo: Miss Universe
    Anna Sueangam-iam was named Miss Universe Thailand 2022. Photo: Miss Universe
  • Balsam Hussein when she was declared Miss Iraq 2022. Azhar Al-Rubaie for The National
    Balsam Hussein when she was declared Miss Iraq 2022. Azhar Al-Rubaie for The National
  • Yasmina Zaytoun after being crowned Miss Lebanon 2022 at Forum De Beirut. EPA
    Yasmina Zaytoun after being crowned Miss Lebanon 2022 at Forum De Beirut. EPA
  • Noky Simbani was crowned Miss Universe Great Britain 2022. Photo: Instagram / Miss Universe Great Britain
    Noky Simbani was crowned Miss Universe Great Britain 2022. Photo: Instagram / Miss Universe Great Britain
  • Miss Ukraine 2022 is Viktoria Apanasenko, first runner-up from last year's contest. There was no pageant held this year owing to the war in the country. Photo: Instagram / Viktoria Apanasenko
    Miss Ukraine 2022 is Viktoria Apanasenko, first runner-up from last year's contest. There was no pageant held this year owing to the war in the country. Photo: Instagram / Viktoria Apanasenko
  • Nguyen Thi Ngoc Chau has been named Miss Universe Vietnam 2022. Photo: Facebook / Nguyen Thi Ngoc Chau
    Nguyen Thi Ngoc Chau has been named Miss Universe Vietnam 2022. Photo: Facebook / Nguyen Thi Ngoc Chau
  • Filipino-Italian beauty queen Celeste Cortesi was crowned Miss Universe Philippines 2022 in Manila. EPA-EFE
    Filipino-Italian beauty queen Celeste Cortesi was crowned Miss Universe Philippines 2022 in Manila. EPA-EFE
  • Bhutan is marking its pageant debut this year and Tashi Choden is the country's first beauty queen. Photo: Tashi Choden
    Bhutan is marking its pageant debut this year and Tashi Choden is the country's first beauty queen. Photo: Tashi Choden
  • Laksmi Suardana took the Puteri Indonesia 2022 crown, becoming the first contestant from Bali to enter Miss Universe. Photo: Laksmi Shari De Neefe Suardana
    Laksmi Suardana took the Puteri Indonesia 2022 crown, becoming the first contestant from Bali to enter Miss Universe. Photo: Laksmi Shari De Neefe Suardana
  • Miss Universe Ghana 2022 Engracia Afua K Mofuman was one of the first women to be crowned in 2022, in order to compete in the 71st Miss Universe pageant. Photo: Engracia Mofuman
    Miss Universe Ghana 2022 Engracia Afua K Mofuman was one of the first women to be crowned in 2022, in order to compete in the 71st Miss Universe pageant. Photo: Engracia Mofuman
  • Hanna Kim, from Seoul, will represent South Korea in the next Miss Universe pageant. Photo: Hanna Ming
    Hanna Kim, from Seoul, will represent South Korea in the next Miss Universe pageant. Photo: Hanna Ming
  • The first and last time the Seychelles competed in Miss Universe was 1995 and so, after that 27-year hiatus, Gabriella Gonthier, from Mahe, will be representing her home country. Photo: Gabriella Gonthier/ Miss University Africa
    The first and last time the Seychelles competed in Miss Universe was 1995 and so, after that 27-year hiatus, Gabriella Gonthier, from Mahe, will be representing her home country. Photo: Gabriella Gonthier/ Miss University Africa
  • Amelia Tu, from Vancouver, winner of Miss Universe Canada 2022. Photo: Miss Universe Canada
    Amelia Tu, from Vancouver, winner of Miss Universe Canada 2022. Photo: Miss Universe Canada
  • Miss Universe Jamaica 2022, Toshami Calvin, 26, is the cousin of Miss World 2019 Toni-Ann Singh. Photo: Instagram / officialmissuniversejamaica
    Miss Universe Jamaica 2022, Toshami Calvin, 26, is the cousin of Miss World 2019 Toni-Ann Singh. Photo: Instagram / officialmissuniversejamaica

Early in August, the Miss Universe Organisation made history by introducing a major rule change for eligibility. Starting with the 72nd pageant, the annual competition will accept married women and mothers.

In an internal memo seen by The National, the organisation says it has always strived to evolve with the times and the latest decision was the natural next step.

"We all believe that women should have agency over their lives and that a human's personal decisions should not be a barrier to their success," the memo said.

Previously, only single women aged between 18 and 28, who have never been married or had children, were allowed to apply.

The contest has been changing with the times. Last year, Miss Universe Bahrain made history by choosing to walk the swimsuit round in fully-covered sportswear.

The Miss Universe Organisation, which operates out of New York, also owns the Miss USA and Miss Teen USA pageants, besides the global Miss Universe pageant.

How Lebanon's Mouawad became the Miss Universe crown jeweller — in pictures

  • Miss Universe 2021, Harnaaz Sandhu of India, wearing the Power of Unity crown crafted by Lebanese jeweller Mouawad. EPA
    Miss Universe 2021, Harnaaz Sandhu of India, wearing the Power of Unity crown crafted by Lebanese jeweller Mouawad. EPA
  • Featuring interwoven petals, leaves and vines all crafted in 18-karat gold and set with white diamonds, the highlight of the Power of Unity crown is a 62.83 carat canary diamond placed in the centre. Photo: Mouawad
    Featuring interwoven petals, leaves and vines all crafted in 18-karat gold and set with white diamonds, the highlight of the Power of Unity crown is a 62.83 carat canary diamond placed in the centre. Photo: Mouawad
  • The Miss Universe Power of Unity crown is valued at between $4 million and $5 million. Photo: Mouawad
    The Miss Universe Power of Unity crown is valued at between $4 million and $5 million. Photo: Mouawad
  • Fred Mouawad is the co-guardian of Mouawad, in partnership with his brothers Alain and Pascal. Photo: Mouawad
    Fred Mouawad is the co-guardian of Mouawad, in partnership with his brothers Alain and Pascal. Photo: Mouawad
  • Mouawad also designs the crown for Miss Universe Thailand. For 2022, its creation is named the Power of Resilience crown. Photo: Mouawad
    Mouawad also designs the crown for Miss Universe Thailand. For 2022, its creation is named the Power of Resilience crown. Photo: Mouawad
  • Fred Mouawad at the unveiling of the Power of Resilience crown for Miss Universe Thailand. Photo: Mouawad
    Fred Mouawad at the unveiling of the Power of Resilience crown for Miss Universe Thailand. Photo: Mouawad
  • Miss Universe Thailand 2022, Anna Sueangam-iam, wearing the Power of Resilience crown. Photo: Miss Universe
    Miss Universe Thailand 2022, Anna Sueangam-iam, wearing the Power of Resilience crown. Photo: Miss Universe
  • Miss Universe 2020, Andrea Meza, right, crowns India's Harnaaz Sandhu as Miss Universe 2021 during the 70th Miss Universe pageant in December. AP
    Miss Universe 2020, Andrea Meza, right, crowns India's Harnaaz Sandhu as Miss Universe 2021 during the 70th Miss Universe pageant in December. AP
  • Andrea Meza winning the Miss Universe 2020 crown at the Seminole Hard Rock Hotel & Casino on May 16, 2021 in Hollywood, Florida. Getty Images
    Andrea Meza winning the Miss Universe 2020 crown at the Seminole Hard Rock Hotel & Casino on May 16, 2021 in Hollywood, Florida. Getty Images
  • Miss Universe 2020, Andrea Meza of Mexico, at the Empire State Building in New York May 2021. AP
    Miss Universe 2020, Andrea Meza of Mexico, at the Empire State Building in New York May 2021. AP
  • Miss Universe 2019, Zozibini Tunzi from South Africa, was the first to wear the Mouawad Power of Unity crown. Photo: Miss Universe
    Miss Universe 2019, Zozibini Tunzi from South Africa, was the first to wear the Mouawad Power of Unity crown. Photo: Miss Universe
  • Miss Universe 2019 Zozibini Tunzi with the Power of Unity crown. Photo: Mouawad
    Miss Universe 2019 Zozibini Tunzi with the Power of Unity crown. Photo: Mouawad
TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%209
%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2041mm%20%E2%80%93%20352%20x%20430%3B%2045mm%20%E2%80%93%20396%20x%20484%3B%20always-on%20Retina%20LTPO%20OLED%2C%202000%20nits%20max%3B%20Ion-X%20glass%20(aluminium%20cases)%2C%20sapphire%20crystal%20(stainless%20steel%20cases)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Apple%20S9%2064-bit%2C%20W3%20wireless%2C%202nd-gen%20Ultra%20Wideband%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECapacity%3A%3C%2Fstrong%3E%2064GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%201GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPlatform%3A%3C%2Fstrong%3E%20watchOS%2010%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EHealth%20metrics%3A%3C%2Fstrong%3E%20Blood%20oxygen%20sensor%2C%20electrical%20heart%20sensor%20and%20ECG%2C%203rd-gen%20optical%20heart%20sensor%2C%20high%20and%20low%20heart%20rate%20notifications%2C%20irregular%20rhythm%20notifications%2C%20sleep%20stages%2C%20temperature%20sensing%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEmergency%20services%3A%3C%2Fstrong%3E%20Emergency%20SOS%2C%20international%20emergency%20calling%2C%20crash%20detection%2C%20fall%20detection%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20GPS%2FGPS%20%2B%20cellular%3B%20Wi-Fi%2C%20LTE%2C%20Bluetooth%205.3%2C%20NFC%20(Apple%20Pay)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDurability%3A%3C%2Fstrong%3E%20IP6X%2C%20water%20resistant%20up%20to%2050m%2C%20dust%20resistant%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%20308mAh%20Li-ion%2C%20up%20to%2018h%20regular%2F36h%20low%20power%3B%20wireless%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECards%3A%3C%2Fstrong%3E%20eSIM%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFinishes%3A%3C%2Fstrong%3E%20Aluminium%20%E2%80%93%20midnight%2C%20pink%2C%20Product%20Red%2C%20silver%2C%20starlight%3B%20stainless%20steel%20%E2%80%93%20gold%2C%20graphite%2C%20silver%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20Watch%20Series%209%2C%20woven%20magnetic-to-USB-C%20charging%20cable%2C%20band%2Floop%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20Starts%20at%20Dh1%2C599%20(41mm)%20%2F%20Dh1%2C719%20(45mm)%3C%2Fp%3E%0A
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
Results

5.30pm: Maiden Dh165,000 (Turf) 1,600m; Winner: Al Battar, Mickael Barzalona (jockey), Salem bin Ghadayer (trainer).

6.05pm: Maiden Dh165,000 (Dirt) 1,200m; Winner: Good Fighter, Richard Mullen, Satish Seemar.

6.40pm: Handicap Dh185,000 (T) 1,200m; Winner: Way Of Wisdom, Tadhg O’Shea, Satish Seemar.

7.15pm: Handicap Dh170,000 (D) 2,200m; Winner: Immortalised, Tadhg O’Shea, Satish Seemar.

7.50pm: Handicap Dh185,000 (T) 2,000m; Winner: Franz Kafka, James Doyle, Simon Crisford.

8.25pm: Handicap Dh185,000 (D) 1,200m; Winner: Mayadeen, Connor Beasley, Doug Watson.

9pm: Handicap Dh185,000 (T) 1,600m; Winner: Chiefdom, Mickael Barzalona, Salem bin Ghadayer

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Under 19 World Cup

Group A: India, Japan, New Zealand, Sri Lanka

Group B: Australia, England, Nigeria, West Indies

Group C: Bangladesh, Pakistan, Scotland, Zimbabwe

Group D: Afghanistan, Canada, South Africa, UAE

 

UAE fixtures

Saturday, January 18, v Canada

Wednesday, January 22, v Afghanistan

Saturday, January 25, v South Africa

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Ticket prices
  • Golden circle - Dh995
  • Floor Standing - Dh495
  • Lower Bowl Platinum - Dh95
  • Lower Bowl premium - Dh795
  • Lower Bowl Plus - Dh695
  • Lower Bowl Standard- Dh595
  • Upper Bowl Premium - Dh395
  • Upper Bowl standard - Dh295
J%20Street%20Polling%20Results
%3Cp%3E97%25%20of%20Jewish-Americans%20are%20concerned%20about%20the%20rise%20in%20anti-Semitism%3Cbr%3E%3Cbr%3E76%25%20of%20US%20Jewish%20voters%20believe%20Donald%20Trump%20and%20his%20allies%20in%20the%20Republican%20Party%20are%20responsible%20for%20a%20rise%20in%20anti-Semitism%3Cbr%3E%3Cbr%3E74%25%20of%20American%20Jews%20agreed%20that%20%E2%80%9CTrump%20and%20the%20Maga%20movement%20are%20a%20threat%20to%20Jews%20in%20America%22%3Cbr%3E%3C%2Fp%3E%0A
Brief scores:

Liverpool 3

Mane 24', Shaqiri 73', 80'

Manchester United 1

Lingard 33'

Man of the Match: Fabinho (Liverpool)

The results of the first round are as follows:

Qais Saied (Independent): 18.4 per cent

Nabil Karoui (Qalb Tounes): 15.58 per cent

Abdelfattah Mourou (Ennahdha party): 12.88 per cent

Abdelkarim Zbidi (two-time defence minister backed by Nidaa Tounes party): 10.7 per cent

Youssef Chahed (former prime minister, leader of Long Live Tunisia): 7.3 per cent

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

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

The biog

Fast facts on Neil Armstrong’s personal life:

  • Armstrong was born on August 5, 1930, in Wapakoneta, Ohio
  • He earned his private pilot’s license when he was 16 – he could fly before he could drive
  • There was tragedy in his married life: Neil and Janet Armstrong’s daughter Karen died at the age of two in 1962 after suffering a brain tumour. She was the couple’s only daughter. Their two sons, Rick and Mark, consulted on the film
  • After Armstrong departed Nasa, he bought a farm in the town of Lebanon, Ohio, in 1971 – its airstrip allowed him to tap back into his love of flying
  • In 1994, Janet divorced Neil after 38 years of marriage. Two years earlier, Neil met Carol Knight, who became his second wife in 1994 
MATCH INFO

Liverpool 3

Sadio Man 28'

Andrew Robertson 34'

Diogo Jota 88'

Arsenal 1

Lacazette 25'

Man of the match

Sadio Mane (Liverpool)

The%20Roundup
%3Cp%3EDirector%3A%20Lee%20Sang-yong%3Cbr%3EStars%3A%20Ma%20Dong-seok%2C%20Sukku%20Son%2C%20Choi%20Gwi-hwa%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A
Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

'Texas Chainsaw Massacre'

Rating: 1 out of 4

Running time: 81 minutes

Director: David Blue Garcia

Starring: Sarah Yarkin, Elsie Fisher, Mark Burnham

Match info:

Burnley 0

Manchester United 2
Lukaku (22', 44')

Red card: Marcus Rashford (Man United)

Man of the match: Romelu Lukaku (Manchester United)

Small Victories: The True Story of Faith No More by Adrian Harte
Jawbone Press

The biog

Job: Fitness entrepreneur, body-builder and trainer

Favourite superhero: Batman

Favourite quote: We must become the change we want to see, by Mahatma Gandhi.

Favourite car: Lamborghini

Updated: September 05, 2022, 12:30 PM