The UN has invited the Syrian government and the opposition for the eighth round of talks, aimed at revising the war-torn nation's constitution.
The talks are slated to be held in Geneva from May 28 to June 3.
Geir Pedersen, the UN special envoy for Syria, told the UN Security Council that agreement on a revised constitution could lead to a political solution to the 11-year conflict, AP reported.
The seventh session of the Syrian Constitutional Committee ended on March 25, with delegations offering “at least some revisions to some of the texts presented,” he said.
A 2012 UN road map to peace in Syria approved by representatives of the UN, the Arab League, the EU, Turkey and all five permanent Security Council members calls for the drafting of a new constitution.
It ends with UN-supervised elections with all Syrians, including members of the diaspora, eligible to participate.
A Security Council resolution adopted in December 2015 unanimously endorsed the road map.
At a Russia-hosted Syrian peace conference in January 2018, an agreement was reached to form a 150-member committee to draft a new constitution.
A smaller, 45-member body would do the actual drafting, including 15 members each from the government, opposition and civil society.
It took until September 2019 for the committee to be formed and little progress has been achieved so far.
Mr Pedersen stressed to the council that air strikes have increased in the northwest, there have been intensified clashes around Afrin and the northeast, and continued exchanges of rocket fire and shelling across all frontlines, as well as improvised explosive devices, car bombs and other security incidents.
He urged the council to focus on Syria.
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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