• Iran's President-elect Ebrahim Raisi is pictured during his first press conference since his election in Tehran.
    Iran's President-elect Ebrahim Raisi is pictured during his first press conference since his election in Tehran.
  • Iran's new president hailed what he called a 'massive' voter turnout.
    Iran's new president hailed what he called a 'massive' voter turnout.
  • Mr Raisi said that his government would continue the nuclear negotiations with world powers.
    Mr Raisi said that his government would continue the nuclear negotiations with world powers.
  • Mr Raisi said US must lift the sanctions and return to JCPOA deal.
    Mr Raisi said US must lift the sanctions and return to JCPOA deal.
  • President-elect Ebrahim Raisi attends a news conference in Tehran. Reuters
    President-elect Ebrahim Raisi attends a news conference in Tehran. Reuters
  • Mr Raisi replaces moderate Hassan Rouhani.
    Mr Raisi replaces moderate Hassan Rouhani.
  • President-elect Ebrahim Raisi arrives for his first press conference in the capital Tehran.
    President-elect Ebrahim Raisi arrives for his first press conference in the capital Tehran.

Iran's incoming president Ebrahim Raisi says he won't meet Joe Biden


Leila Gharagozlou
  • English
  • Arabic

Iranian president-elect Ebrahim Raisi said he would not meet US President Joe Biden, but called for a full return to the 2015 nuclear deal in his first comments since his election with a landslide.

The US, under Donald Trump, left the the Joint Comprehensive Plan of Action in 2018 and both it and Iran have undertaken weeks of indirect talks to try to find a way back.

But Mr Raisi said Iran’s foreign policy will be wider than the deal.

“Our foreign policy will not be limited to the nuclear deal,” he said in Tehran on Monday.

“We will have interaction with the world.”

“We will not tie the Iranian people’s interests to the nuclear deal.”

He said he would support the current talks but would not have “negotiations just for the sake of negotiations”.

When asked about meeting the US President in the future, he said, emphatically: “No.”

Mr Biden would be unlikely to seek a meeting with Mr Raisi, who is personally the subject of US sanctions for human rights abuses including a brutal crackdown on Iran’s Green Movement protests in 2009.

Although he has expressed anti-West sentiment throughout his career, Mr Raisi has softened his rhetoric in the past month.

Iran’s negotiations with the US and Europe have been approved by the supreme leader Ali Khamenei, meaning Iran is unlikely to depart from them under Mr Raisi.

The president-elect also said he would keep his predecessor, Hassan Rouhani’s negotiation team, although his own people are following the developments closely.

  • Supporters of Iran's newly elected president Ebrahim Raisi gather at a rally celebrating his victory, in Imam Hossein square, in the capital Tehran. AFP
    Supporters of Iran's newly elected president Ebrahim Raisi gather at a rally celebrating his victory, in Imam Hossein square, in the capital Tehran. AFP
  • A woman wears a pin bearing the image of Iran's newly elected president Ebrahim Raisi during a rally in Imam Hossein square. AFP
    A woman wears a pin bearing the image of Iran's newly elected president Ebrahim Raisi during a rally in Imam Hossein square. AFP
  • A woman shows an image of Iranian president-elect Ebrahim Raisi on her phone. He received 17.9 million votes in a landslide victory. EPA
    A woman shows an image of Iranian president-elect Ebrahim Raisi on her phone. He received 17.9 million votes in a landslide victory. EPA
  • Women supporters of Ebrahim Raisi hold posters depicting him and national flags as they celebrate his presidential victory. More than 28 million Iranians out of 59 million eligible voters cast their ballots. AFP
    Women supporters of Ebrahim Raisi hold posters depicting him and national flags as they celebrate his presidential victory. More than 28 million Iranians out of 59 million eligible voters cast their ballots. AFP
  • An Iranian child holds a toy gun at a celebration to mark the victory of Ebrahim Raisi in the presidential elections. The vote appeared to see the lowest turnout in the Islamic Republic’s history. AP Photo
    An Iranian child holds a toy gun at a celebration to mark the victory of Ebrahim Raisi in the presidential elections. The vote appeared to see the lowest turnout in the Islamic Republic’s history. AP Photo
  • Ebrahim Raisi supporters display his portrait during a celebratory rally for his presidential election victory in Tehran. He will succeed President Hassan Rouhani, who is coming to the end of his second term in office. Reuters
    Ebrahim Raisi supporters display his portrait during a celebratory rally for his presidential election victory in Tehran. He will succeed President Hassan Rouhani, who is coming to the end of his second term in office. Reuters
  • Supporters of Ebrahim Raisi gather to celebrate his presidential election victory in Tehran. He had the support of supreme leader Ayatollah Ali Khamenei and the backing of the powerful Guardian Council. Reuters
    Supporters of Ebrahim Raisi gather to celebrate his presidential election victory in Tehran. He had the support of supreme leader Ayatollah Ali Khamenei and the backing of the powerful Guardian Council. Reuters
  • A conservative cleric and head of Iran’s judiciary, Ebrahim Raisi is expected to usher in hardline policies that will close Iran off from much of the world. Reuters
    A conservative cleric and head of Iran’s judiciary, Ebrahim Raisi is expected to usher in hardline policies that will close Iran off from much of the world. Reuters
  • Ebrahim Raisi will be the first Iranian president to have had sanctions imposed against him by the US government before entering office. Reuters
    Ebrahim Raisi will be the first Iranian president to have had sanctions imposed against him by the US government before entering office. Reuters
  • Although critical of the West, Ebrahim Raisi is keen to to revive the 2015 nuclear accord that lifted global sanctions on Tehran. AP Photo
    Although critical of the West, Ebrahim Raisi is keen to to revive the 2015 nuclear accord that lifted global sanctions on Tehran. AP Photo
  • Other pressing issues Iran's president-elect Ebrahim Raisi faces include an economic downturn that has led to spiralling inflation and job losses and tackling the region's worst outbreak of Covid-19. Reuters
    Other pressing issues Iran's president-elect Ebrahim Raisi faces include an economic downturn that has led to spiralling inflation and job losses and tackling the region's worst outbreak of Covid-19. Reuters
  • Supporters of Ebrahim Raisi celebrate his presidential election victory in Tehran. Reuters
    Supporters of Ebrahim Raisi celebrate his presidential election victory in Tehran. Reuters

Mr Raisi was also asked about Iran’s relationship with other countries in the region.

He echoed a statement from Iranian Foreign Minister Javad Zarif last week that Iran was ready to send an ambassador to Saudi Arabia, saying there would be no obstacle to reopening embassies.

Mr Raisi said building relations with neighbouring countries would be a priority.

“I defended human rights as a prosecutor,” he said when asked about Iran’s human rights record.

“As a president, I’m also obliged to defend human rights.”

Mr Raisi’s first press conference ended with him reaching out to the Iranian diaspora.

“Our government is committed to the return of Iranians abroad in all areas. Iranians should be allowed to enter the country,” he said.

Many citizens outside the country are in self-imposed exile, often fearing arrest should they return.

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

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

LILO & STITCH

Starring: Sydney Elizebeth Agudong, Maia Kealoha, Chris Sanders

Director: Dean Fleischer Camp

Rating: 4.5/5

WTL%20SCHEDULE
%3Cp%3EDECEMBER%2019%20(6pm)%0D%3Cbr%3EKites%20v%20Eagles%0D%3Cbr%3EAliassime%20v%20Kyrgios%0D%3Cbr%3ESwiatek%20v%20Garcia%0D%3Cbr%3EEntertainment%3A%20Tiesto%3C%2Fp%3E%0A%3Cp%3EDECEMBER%2020%20(6pm)%0D%3Cbr%3EFalcons%20v%20Hawks%0D%3Cbr%3EDjokovic%20v%20Zverev%0D%3Cbr%3ESabalenka%20v%20Rybakina%0D%3Cbr%3EEntertainment%3A%20Wizkid%0D%3Cbr%3E%0D%3Cbr%3EDECEMBER%2021%20(6pm)%0D%3Cbr%3EFalcons%20v%20Eagles%0D%3Cbr%3EDjokovic%20v%20Kyrgios%0D%3Cbr%3EBadosa%20v%20Garcia%0D%3Cbr%3EEntertainment%3A%20Ne-Yo%0D%3Cbr%3E%0D%3Cbr%3EDECEMBER%2022%20(6pm)%0D%3Cbr%3EHawks%20v%20Kites%0D%3Cbr%3EThiem%20v%20Aliassime%0D%3Cbr%3EKontaveit%20v%20Swiatek%0D%3Cbr%3EEntertainment%3A%20deadmau5%0D%3Cbr%3E%0D%3Cbr%3EDECEMBER%2023%20(2pm)%0D%3Cbr%3EEagles%20v%20Hawks%0D%3Cbr%3EKyrgios%20v%20Zverev%0D%3Cbr%3EGarcia%20v%20Rybakina%0D%3Cbr%3EEntertainment%3A%20Mohammed%20Ramadan%0D%3Cbr%3E%0D%3Cbr%3EDECEMBER%2023%20(6pm)%0D%3Cbr%3EFalcons%20v%20Kites%0D%3Cbr%3EDjokovic%20v%20Aliassime%0D%3Cbr%3ESabalenka%20v%20Swiatek%0D%3Cbr%3EEntertainment%3A%20Mohammed%20Ramadan%0D%3Cbr%3E%0D%3Cbr%3EDECEMBER%2024%20(6pm)%0D%3Cbr%3EFinals%0D%3Cbr%3EEntertainment%3A%20Armin%20Van%20Buuren%0D%3Cbr%3E%0D%3C%2Fp%3E%0A
Favourite things

Luxury: Enjoys window shopping for high-end bags and jewellery

Discount: She works in luxury retail, but is careful about spending, waits for sales, festivals and only buys on discount

University: The only person in her family to go to college, Jiang secured a bachelor’s degree in business management in China

Masters: Studying part-time for a master’s degree in international business marketing in Dubai

Vacation: Heads back home to see family in China

Community work: Member of the Chinese Business Women’s Association of the UAE to encourage other women entrepreneurs