Iranian presidential elections from left to right; Abdolnasser Hemmati, Mohsen Rezaei, Amir Hossein Ghazizadeh Hashemi and Ebrahim Raisi. AP
Iranian presidential elections from left to right; Abdolnasser Hemmati, Mohsen Rezaei, Amir Hossein Ghazizadeh Hashemi and Ebrahim Raisi. AP
Iranian presidential elections from left to right; Abdolnasser Hemmati, Mohsen Rezaei, Amir Hossein Ghazizadeh Hashemi and Ebrahim Raisi. AP
Iranian presidential elections from left to right; Abdolnasser Hemmati, Mohsen Rezaei, Amir Hossein Ghazizadeh Hashemi and Ebrahim Raisi. AP

Three candidates drop out of Iran's presidential election


Leila Gharagozlou
  • English
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Reformist Mohsen Mehralizadeh, hardliner Alireza Zakani and conservative Saeed Jalili dropped out of Iran's presidential race.
Mr Mehralizadeh was the only reformist candidate in the upcoming election. He gave his resignation letter to the Interior Ministry, state-run news agency Irna said.

Mr Mehralizadeh previously served as governor in two Iranian provinces. He was also the vice president in charge of physical education under reformist president Mohammad Khatami and a deputy in the Atomic Energy Organisation of Iran. He ran in the 2005 election, coming last.

Mr Zakani, the most conservative of the candidates, said he would support front-runner Ebrahim Raisi, also a hardliner. "I believe him to be qualified and will vote for him, and I hope that fundamental reforms take place in the country with him being elected," Mr Zakani said

A former veteran of the Iran-Iraq war and a commander of the Islamic Revolutionary Guard Corps' affiliated volunteer Basij militia, he was disqualified in 2013 and 2017 from running for president. Mr Raisi said of Zakani: "I sincerely thank my dear brother, Dr Alireza Zakani, who decided to run in the election based on his revolutionary duty ... today he decided responsibly."

Mr Jalili, earlier the top nuclear negotiator for former hardline President Mahmoud Ahmadinejad, endorsed hardliner and front runner Mr Raisi.

With the election just days away, Mr Mehralizadeh Mr Zakani and Mr Jalili’s decision to drop out of the race is seen as an effort to boost the chances of candidates like Mr Raisi and former Central Bank chief Abdolnasser Hemmati.

Mr Hemmati, formerly a member of the Rouhani administration, is running as a moderate. The latest Ispa poll shows Mr Hemmati trailing Mr Raisi.

Mr Raisi is expected to win the election largely because of the historically low voter turnout, which often favours hardline candidates.

On Monday a poll by the Iranian Students' Polling Agency, found just 42 per cent of about 5,000 respondents planned to vote.  Sixty per cent of those voting said they would back ultra-conservative cleric and Iran's judiciary chief Mr Raisi.

Over the next 24 hours, candidates will do their final canvassing before a campaign blackout is imposed, which could include more candidates dropping out. Last-minute withdrawals by candidates are not uncommon in Iran.

Other acts on the Jazz Garden bill

Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.

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

Fixtures

50-over match

UAE v Lancashire, starts at 10am

Champion County match

MCC v Surrey, four-day match, starting on Sunday, March 24, play starts at 10am

Both matches are at ICC Academy, Dubai Sports City. Admission is free.

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