Fireworks displays will coincide with midnight celebrations in the Philippines, India and other countries. Photo: Global Village
Fireworks displays will coincide with midnight celebrations in the Philippines, India and other countries. Photo: Global Village
Fireworks displays will coincide with midnight celebrations in the Philippines, India and other countries. Photo: Global Village
Fireworks displays will coincide with midnight celebrations in the Philippines, India and other countries. Photo: Global Village

Global Village to ring in new year seven times


Farah Andrews
  • English
  • Arabic

Cementing its status as a truly international destination, Global Village will ring in 2023 not once, but seven times this year.

The Dubai entertainment park will celebrate with a New Year's Eve countdown for countries across Asia, allowing visitors to mark the new year with loved ones around the world.

As well as midnight in Dubai, Global Village will mark the new year to coincide with time zones in the Philippines, Thailand, Bangladesh, India, Pakistan and Turkey. The full list of GST times is below.

There will be seven-minute-long firework displays throughout the evening and entertainment on the main stage, with a DJ entertaining the crowd all night.

According to the park, "in true Global Village style, each country celebration will include a spectacular cultural show and stunning fireworks display".

In line with park rules, December 31 is a family and ladies-only day, with restrictions on the gate. Global Village runs family days every Tuesday and on public holidays and select events.

Entry to Global Village for New Year's Eve is Dh22.5; the park will be open until 2am.

Full timings for international New Year's Eve celebrations at Global Village:

  • Philippines: 8pm
  • Thailand: 9pm
  • Bangladesh: 10pm
  • India: 10.30pm
  • Pakistan: 11pm
  • UAE: 12am
  • Turkey: 1am

Festivities at Global Village

  • The Christmas tree at Dubai's Global Village was lit on Thursday. All photos: Pawan Singh / The National
    The Christmas tree at Dubai's Global Village was lit on Thursday. All photos: Pawan Singh / The National
  • The tree stands at 21m tall
    The tree stands at 21m tall
  • And features decorations celebrating various cultures
    And features decorations celebrating various cultures
  • The tree lighting attracted a festive crowd
    The tree lighting attracted a festive crowd
  • Naturally, Father Christmas attended celebrations
    Naturally, Father Christmas attended celebrations
  • A surprise flurry of snow
    A surprise flurry of snow
  • Performers paraded during the lighting ceremony
    Performers paraded during the lighting ceremony
  • The grand arrival of Santa Claus
    The grand arrival of Santa Claus
  • Glittering decorations in Global Village's Winter Wonderland
    Glittering decorations in Global Village's Winter Wonderland

The festive season is still in full swing at Global Village, with Christmas and holiday decorations on display until January 8.

This year, the park boasts a 21-metre-high tree, which is decorated to celebrate various cultures. Elves are currently performing flash mobs around the park throughout, while gingerbread men strolling are posing for photos with visitors.

Bauble-shaped kiosks have also been set up with stalls selling artisanal gifts, from decorations to foodie treats.

Also boosting the festive spirit is the park's new eco-friendly Snowfest Ice Rink, which it describes as eco-friendly. The custom-made rink uses synthetic ice, which is a solid polymer material specifically designed for skating.

  • The Snowfest ice rink at Global Village in Dubai. Pawan Singh / The National
    The Snowfest ice rink at Global Village in Dubai. Pawan Singh / The National
  • The Snowfest ice rink at Global Village in Dubai. Pawan Singh / The National
    The Snowfest ice rink at Global Village in Dubai. Pawan Singh / The National
  • The Snowfest ice rink at Global Village in Dubai. Pawan Singh / The National
    The Snowfest ice rink at Global Village in Dubai. Pawan Singh / The National
  • The Snowfest ice rink at Global Village in Dubai. Pawan Singh / The National
    The Snowfest ice rink at Global Village in Dubai. Pawan Singh / The National
  • The Snowfest ice rink at Global Village in Dubai. Pawan Singh / The National
    The Snowfest ice rink at Global Village in Dubai. Pawan Singh / The National
  • The Snowfest ice rink at Global Village in Dubai. Pawan Singh / The National
    The Snowfest ice rink at Global Village in Dubai. Pawan Singh / The National
  • The Snowfest ice rink at Global Village in Dubai. Pawan Singh / The National
    The Snowfest ice rink at Global Village in Dubai. Pawan Singh / The National
  • The Snowfest ice rink at Global Village in Dubai. Pawan Singh / The National
    The Snowfest ice rink at Global Village in Dubai. Pawan Singh / The National
  • The Snowfest ice rink at Global Village in Dubai. Pawan Singh / The National
    The Snowfest ice rink at Global Village in Dubai. Pawan Singh / The National
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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. 

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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.

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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. 

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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.

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Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

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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

Our legal consultant

Name: Hassan Mohsen Elhais

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

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Other workplace saving schemes
  • The UAE government announced a retirement savings plan for private and free zone sector employees in 2023.
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Updated: December 31, 2022, 9:18 AM