• Security staff speak with fans holding up a shirt with the name of Mahsa Amini, and a flag advocating for women's rights, during the World Cup match between Wales and Iran in Doha, Qatar. Getty Images
    Security staff speak with fans holding up a shirt with the name of Mahsa Amini, and a flag advocating for women's rights, during the World Cup match between Wales and Iran in Doha, Qatar. Getty Images
  • A security officer, right, interacts with an Iran supporter who displayed a shirt that read 'Mahsa Amini 22', in memory of the Iranian woman who died while in police custody in Iran. AP
    A security officer, right, interacts with an Iran supporter who displayed a shirt that read 'Mahsa Amini 22', in memory of the Iranian woman who died while in police custody in Iran. AP
  • People have continued demonstrating in Iran and around the world over the death of Amini in September. AP
    People have continued demonstrating in Iran and around the world over the death of Amini in September. AP
  • A supporter of Iran's football team, with make-up resembling bloody tears, holds a football jersey with Amini's name, at the stadium in Doha. AFP
    A supporter of Iran's football team, with make-up resembling bloody tears, holds a football jersey with Amini's name, at the stadium in Doha. AFP
  • Division over Iran’s protests cast a shadow over Iran’s second match at the World Cup. AFP
    Division over Iran’s protests cast a shadow over Iran’s second match at the World Cup. AFP
  • Security staff speak with Iran fans. Some fans were stopped by stadium security from bringing in Persian pre-revolutionary flags to the match against Wales. Getty Images
    Security staff speak with Iran fans. Some fans were stopped by stadium security from bringing in Persian pre-revolutionary flags to the match against Wales. Getty Images
  • Fans before the match. Getty Images
    Fans before the match. Getty Images
  • Many in the stands came adorned with clothing emblazoned with the "Women, Life, Freedom" slogan. Getty Images
    Many in the stands came adorned with clothing emblazoned with the "Women, Life, Freedom" slogan. Getty Images

Iran sports minister given yellow card by parliament over 'mismanagement'


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Iran's Parliament gave a warning on Tuesday to Sports Minister Hamid Sajjadi, accusing him of mismanaging the ministry, the Fars news agency reported.

Mr Sajjadi spoke to parliamentarians in an open session on Tuesday to brief officials on the ministry's financial problems and expenses, especially regarding the country's football teams.

It came after the Iranian men's national team failed to progress past the group stages of December's World Cup in Qatar.

“The MPs were not satisfied with Sports Minister Sajjadi's answer about the mismanagement situation in professional sports, especially football, and he received a yellow card from the parliament,” said the agency.

Yellow cards are the Parliament's way of holding cabinet members accountable by summoning them for questioning or interpellations, a report by Germany-based think tank Carpo said.

“Depending on the minister’s performance, interpellations can lead to ‘yellow cards’ or impeachments. Even the President can be challenged through this mechanism,” the report said.

At the World Cup in Qatar, Iranians were seen wearing the “Women, Life, Freedom” slogan made famous during months-long protests in the country, sparked by the death of 22-year-old Mahsa Amini in police custody on September 16.

She was detained for allegedly violating the country's dress code.

An Iranian football fan at the Qatar World Cup holds a jersey in memory of Mahsa Amini. Reuters
An Iranian football fan at the Qatar World Cup holds a jersey in memory of Mahsa Amini. Reuters

Demonstrators are demanding the removal of the regime.

Iran has repeatedly blamed foreigners for the political uprising.

“Hundreds of hypocrites were sent to Qatar on a special plane, as well as slogans, symbols and destructive tools created with the aim of isolating the Islamic Republic of Iran,” Mr Sajjadi said during Tuesday's session, state-news agency Isna reported.

Iran has also been under fire after football player Ali Daei, who backed the anti-government protests, said that a plane carrying his wife and daughter from Tehran to Dubai was rerouted and his family removed from the aircraft.

Iran football legend Ali Daei in 2011. He has backed the anti-government protests. AFP
Iran football legend Ali Daei in 2011. He has backed the anti-government protests. AFP

“Daei's wife had pledged to inform the relevant institutions of her decision before leaving the country” after “association with the groups against the Islamic revolution and rioters and calling for strikes”, state news said, quoting the judiciary.

“The flight landed at Kish airport and Ali Daei's wife and daughter got off the plane.”

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

Financial considerations before buying a property

Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.

“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says. 

Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.

Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier. 

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Coal Black Mornings

Brett Anderson

Little Brown Book Group 

Updated: January 03, 2023, 9:47 AM