The leader of the Chaldean Catholic Church in Iraq, Louis Sako, called for a complete overhaul of the country’s political process, which has been in place since the 2003 US-led invasion.
Cardinal Sako’s remarks coincide with the country's upcoming commemoration of the 21st anniversary of the invasion that toppled Saddam Hussein's regime and the introduction of an ethno-sectarian quota system.
“There must be a reconsideration of the entire political process,” Cardinal Sako said, while extending his congratulations to Muslims on the start of Ramadan.
“A new nonsectarian agreement needs to be reached based on full citizenship, ensuring a better future for Iraqis and preserving the [society's] components and their rights."
In 2003, the US led an international coalition that invaded Iraq to remove Saddam’s regime. The effects of the invasion have been felt in Iraq ever since.
Parliamentary elections were introduced to take place every four years, but the results are not taken into consideration in the government formation process.
Instead, the process is based on an informal power-sharing arrangement known as muhasasa in Arabic, a system widely described as one in which power is apportioned based on sect.
Under an unofficial agreement, Iraq’s presidency, which is primarily ceremonial, is held by a Kurd, while the prime minister's post is reserved for a Shiite and the role of parliament speaker is reserved for a Sunni.
Other government posts are divided among the country’s political parties based on their religious and ethnic background.
Cardinal Sako said he hopes the continuing war in Gaza stops during the holy month.
“It is unfortunate that this blessed month coincides with the ongoing devastating war in the holy lands as well as conflicts here and there and violations of human rights, freedom and dignity,” he said.
The war on the enclave, in its fifth month now, has killed more than 31,000 Palestinians, including about 12,000 children.
“I hope that in this holy month, all those with good intentions worldwide come together to put an end to all forms of conflicts and wars, reduce injustice and pain,” he added.
Mediators from the US, Egypt and Qatar tried to secure a ceasefire in Gaza before Ramadan, which began on Monday, after failing to find agreements on key sticking points, including the details of a swap of hostages detainees, Hamas's demand for Israel to withdraw from Gaza, and conflicting plans for the postwar administration of the enclave.
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Saturday's results
West Ham 2-3 Tottenham
Arsenal 2-2 Southampton
Bournemouth 1-2 Wolves
Brighton 0-2 Leicester City
Crystal Palace 1-2 Liverpool
Everton 0-2 Norwich City
Watford 0-3 Burnley
Manchester City v Chelsea, 9.30pm
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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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