Some of the nearly 100 Mesopotamian archaeological artefacts seized from a collector by Norwegian police and claimed by Iraq. Okokrim / AFP
Some of the nearly 100 Mesopotamian archaeological artefacts seized from a collector by Norwegian police and claimed by Iraq. Okokrim / AFP
Some of the nearly 100 Mesopotamian archaeological artefacts seized from a collector by Norwegian police and claimed by Iraq. Okokrim / AFP
Some of the nearly 100 Mesopotamian archaeological artefacts seized from a collector by Norwegian police and claimed by Iraq. Okokrim / AFP

Norway seizes 100 artefacts claimed by Iraq


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Norwegian police have seized nearly 100 Mesopotamian archaeological artefacts, claimed by Iraq, from a collector.

"The seizure involves what are presumed to be cuneiform tablets and other archaeological objects from Mesopotamia, modern-day Iraq ... considered important to the world's historical cultural heritage," the police said on Friday.

The objects were seized during a search of a collector's house in south-east Norway.

They are the subject of a restitution request from Iraqi authorities to the Norwegian Ministry of Culture.

"A restitution procedure has been initiated, but an expert review must first be carried out to determine the origin and authenticity of these objects and the Iraqi authorities must document their request," prosecutor Maria Bache Dahl said.

She said the collector in question is contesting the Iraqi request is not suspected of a crime and had not been arrested.

  • Over 17,000 looted ancient artefacts that were recovered from the US and other countries were handed over to Iraq's Culture Ministry on Tuesday.
    Over 17,000 looted ancient artefacts that were recovered from the US and other countries were handed over to Iraq's Culture Ministry on Tuesday.
  • The US is returning artefacts stolen mostly from the national museum after the 2003 US-led invasion of Iraq.
    The US is returning artefacts stolen mostly from the national museum after the 2003 US-led invasion of Iraq.
  • Mesopotamian clay cones bearing cuneiform inscriptions are displayed during the artefact handover ceremony in Baghdad.
    Mesopotamian clay cones bearing cuneiform inscriptions are displayed during the artefact handover ceremony in Baghdad.
  • Members of Arab and foreign diplomatic missions inspect the returned artefacts at the Iraqi Ministry of Foreign Affairs in Baghdad.
    Members of Arab and foreign diplomatic missions inspect the returned artefacts at the Iraqi Ministry of Foreign Affairs in Baghdad.
  • Stolen artifacts retrieved from the US and returned to Iraq are displayed at the Ministry of Foreign Affairs in Baghdad.
    Stolen artifacts retrieved from the US and returned to Iraq are displayed at the Ministry of Foreign Affairs in Baghdad.

Iraq, once home to Sumerians, Assyrians and Babylonians, is a prime location for smugglers of ancient artefacts.

According to Iraqi officials, trafficking feeds criminal networks in the country where armed groups have considerable influence.

When it occupied large parts of Iraq between 2014 and 2017, the extremist group ISIS demolished dozens of pre-Islamic treasures with bulldozers, pickaxes and explosives, but also used smuggling to finance their operations.

Results:

Men's wheelchair 800m T34: 1. Walid Ktila (TUN) 1.44.79; 2. Mohammed Al Hammadi (UAE) 1.45.88; 3. Isaac Towers (GBR) 1.46.46.

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

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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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The lowdown

Rating: 4/5

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UAE squad

Rahul Chopra (captain), Aayan Afzal Khan, Ali Naseer, Aryansh Sharma, Basil Hameed, Dhruv Parashar, Junaid Siddique, Muhammad Farooq, Muhammad Jawadullah, Muhammad Waseem, Omid Rahman, Rahul Bhatia, Tanish Suri, Vishnu Sukumaran, Vriitya Aravind

Fixtures

Friday, November 1 – Oman v UAE
Sunday, November 3 – UAE v Netherlands
Thursday, November 7 – UAE v Oman
Saturday, November 9 – Netherlands v UAE

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. 

Updated: September 03, 2021, 1:28 PM