Two-year-old Aviv Asher and her four-year-old sister Raz are embraced by their mother Doron and father Yoni at the Schneider Children's Medical Centre in Israel. Reuters
Two-year-old Aviv Asher and her four-year-old sister Raz are embraced by their mother Doron and father Yoni at the Schneider Children's Medical Centre in Israel. Reuters
Two-year-old Aviv Asher and her four-year-old sister Raz are embraced by their mother Doron and father Yoni at the Schneider Children's Medical Centre in Israel. Reuters
Two-year-old Aviv Asher and her four-year-old sister Raz are embraced by their mother Doron and father Yoni at the Schneider Children's Medical Centre in Israel. Reuters

Israeli families reunited seven weeks after Hamas kidnapped hostages


Willy Lowry
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Live updates: Follow the latest news on Israel-Gaza

Yoni Asher sits on a hospital bed, his right arm holding tightly to his daughter Raz, his left arm wrapped around his wife Doron, who is holding their youngest daughter Aviv.

It’s an embrace Mr Asher has waited 50 days for.

Raz, four, and Aviv, two, were kidnapped along with their mother Doron by Hamas on October 7 from their grandmother’s home in Kibbutz Nir Oz, in southern Israel and taken to the Gaza Strip.

On Friday, they were among the 13 Israeli hostages freed by the militant group. Their release is part of Hamas's deal with Israel that will see the country release 150 Palestinians held in jail, during a four-day temporary pause in fighting, in exchange for 50 Israeli hostages.

“My family – Doron, Raz, and Aviv have returned home from captivity,” Mr Asher said in a statement released by the Hostages and Missing Families Forum. “I am determined to help my family recover from the terrible trauma and loss we went through, for my daughters and my wife’s future.”

In the video the family shared, Mr Asher can be seen lovingly talking into Raz’s ear as she holds a white stuffed animal.

It’s a moment the entire country has been waiting for.

Over the past seven weeks, families of the hostages and their supporters have taken to the streets in significant numbers to pressure Benjamin Netanyahu’s government into doing more to get their loved ones home.

Every day hundreds of people descend on the courtyard outside the Tel Aviv Museum of Art, where shrines to the missing have been set up.

On Friday night and early Saturday morning there was a sense of profound relief among the crowd that the deal had held long enough to get the first 13 hostages home.

“We feel good because it's the beginning and we hope they will release all the rest of the people,” Roni Eliahu said.

But there is also deep concern about the remaining hostages.

“What about the rest,” one woman said. “And then there's tomorrow and the next day, and then they'll get up to 50 but then what about the other 190?”

Mr Asher echoed a similar sentiment in his statement.

“I want to ensure that each and every hostage returns home,” he said. “The families of hostages are not posters, they are not slogans, they are real people.

“From today, the families of the hostages are my new family, and I will do everything to ensure the last hostage returns home safely.”

Sole survivors
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Brief scores:

Toss: Nepal, chose to field

UAE 153-6: Shaiman (59), Usman (30); Regmi 2-23

Nepal 132-7: Jora 53 not out; Zahoor 2-17

Result: UAE won by 21 runs

Series: UAE lead 1-0

Squads

India (for first three ODIs) Kohli (capt), Rohit, Rahul, Pandey, Jadhav, Rahane, Dhoni, Pandya, Axar, Kuldeep, Chahal, Bumrah, Bhuvneshwar, Umesh, Shami.

Australia Smith (capt), Warner, Agar, Cartwright, Coulter-Nile, Cummins, Faulkner, Finch, Head, Maxwell, Richardson, Stoinis, Wade, Zampa.

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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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Initial investment: $500,000

Funding round: Series B (raising $5m)

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Updated: November 26, 2023, 8:25 AM