Talks in Vienna that seek to end the nuclear deal standoff between Iran and the US will pause for a week as negotiators head home for consultations amid signs of progress.
The EU’s deputy foreign policy chief Enrique Mora said headway had been made since early April, but “much more hard work” was needed.
He said he continued to believe that diplomacy was the "only way forward" to address the challenges.
Iran’s representative Abbas Araghchi said difficulties remained but the meetings were moving forward.
"The Iranian delegation will stop the talks whenever the process of negotiations leads to unreasonable demands, waste of time and irrational bargaining," Iranian state media quoted him as saying.
It is hoped the dialogues in Vienna will pave the way for a return of the US and Iran to compliance with the 2015 nuclear deal that Tehran signed up to with world powers.
Working groups have been established to formulate solutions to both issues.
The EU said a third group was set up on Tuesday “to start looking into the possible sequencing of respective matters.”
Optimism is building that an agreement can be found after the talks between Iran and China, France, Germany, Russia and the UK, the remaining signatories to the accord.
A US delegation was also present in Vienna, but it has not been dealing directly with Iran.
"It was decided to take a break to allow the delegations to do homework and consult with the capitals,” said Russia’s representative Mikhail Ulyanov.
He said the remain signatories of the 2015 deal took note "with satisfaction of the progress in negotiations to restore the nuclear deal".
China's envoy to the UN's nuclear watchdog, Wang Qun, said the lifting of sanctions was the main unresolved issue.
The talks will resume early next week.
US President Joe Biden wants to return to the deal, which his predecessor Donald Trump withdrew from in 2018. Mr Trump also re-imposed heavy sanctions on Iran as part of his policy of "maximum pressure".
In response, Tehran has repeatedly broken the terms of the agreement. It says it will only return to compliance once the US-imposed financial measures are lifted – something Washington insists it will not do until Iran abides by the 2015 accord.
On Monday, a US State Department spokesman said the US team in Vienna "has been exploring concrete approaches concerning the steps both Iran and the US would need to take to return to mutual compliance."
"The discussions have been thorough and thoughtful, if indirect ... There have been no breakthroughs, but we did not expect this process to be easy or quick," he added.
Earlier on Tuesday, the Iranian government said it began enriching uranium to 60 per cent purity to demonstrate its technical ability after a sabotage attack on a nuclear plant in Natanz, to the south of Tehran, but the measure can be reversed if the US lifts sanctions.
Iran blamed the attack on Israel.
Enriching uranium to 60 per cent fissile purity is a major step towards weapons grade from the 20 per cent it achieved some time ago. The 2015 deal capped purity at 3.67 per cent for Iran - suitable for generating civilian nuclear energy.
Tehran has always denied that it is seeking to build an atomic weapon.
"The start of 60 per cent enrichment in Natanz was a demonstration of our technical ability to respond to terrorist sabotage at these facilities," Iranian government spokesman Ali Rabiei told reporters in Tehran.
But he also said the Iranian government assessed "the atmosphere of the Vienna talks as positive.”
“We are cautiously hopeful about an understanding for restoring the nuclear deal, but it is too soon yet to express optimism or pessimism about the final result of the consultations,” he said.
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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Turkish Ladies
Various artists, Sony Music Turkey
COMPANY PROFILE
Name: Akeed
Based: Muscat
Launch year: 2018
Number of employees: 40
Sector: Online food delivery
Funding: Raised $3.2m since inception
Dates for the diary
To mark Bodytree’s 10th anniversary, the coming season will be filled with celebratory activities:
- September 21 Anyone interested in becoming a certified yoga instructor can sign up for a 250-hour course in Yoga Teacher Training with Jacquelene Sadek. It begins on September 21 and will take place over the course of six weekends.
- October 18 to 21 International yoga instructor, Yogi Nora, will be visiting Bodytree and offering classes.
- October 26 to November 4 International pilates instructor Courtney Miller will be on hand at the studio, offering classes.
- November 9 Bodytree is hosting a party to celebrate turning 10, and everyone is invited. Expect a day full of free classes on the grounds of the studio.
- December 11 Yogeswari, an advanced certified Jivamukti teacher, will be visiting the studio.
- February 2, 2018 Bodytree will host its 4th annual yoga market.
Champions parade (UAE timings)
7pm Gates open
8pm Deansgate stage showing starts
9pm Parade starts at Manchester Cathedral
9.45pm Parade ends at Peter Street
10pm City players on stage
11pm event ends
Dubai works towards better air quality by 2021
Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.
The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.
These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.
“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.
“We’re in a good position except for the cases that are out of our hands, such as sandstorms.
“Sandstorms are our main concern because the UAE is just a receiver.
“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”
Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.
There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.
“There are 25 stations in total,” Mr Al Daraji said.
“We added new technology and equipment used for the first time for the detection of heavy metals.
“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”
if you go
The flights
Emirates have direct flights from Dubai to Glasgow from Dh3,115. Alternatively, if you want to see a bit of Edinburgh first, then you can fly there direct with Etihad from Abu Dhabi.
The hotel
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Located in the heart of Mackintosh's Glasgow, the Dakota Deluxe is perhaps the most refined hotel anywhere in the city. Doubles from Dh850
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Events and tours
There are various Mackintosh specific events throughout 2018 – for more details and to see a map of his surviving designs see glasgowmackintosh.com
For walking tours focussing on the Glasgow Style, see the website of the Glasgow School of Art.
More information
For ideas on planning a trip to Scotland, visit www.visitscotland.com
Company%20Profile
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SPEC%20SHEET
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What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence