US Secretary of Defence Lloyd Austin. EPA
US Secretary of Defence Lloyd Austin. EPA
US Secretary of Defence Lloyd Austin. EPA
US Secretary of Defence Lloyd Austin. EPA

Pentagon chief says US will make sure Ukraine gets arms it needs


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US Defence Secretary Lloyd Austin on Monday promised to keep weapons flowing into Ukraine “week after week” as Kyiv struggles against a renewed Russian offensive.

Mr Austin also said it was vital that Ukraine's air defences be bolstered to help fend off Russian attacks.

Moscow has in recent weeks focused its attacks on north-east Ukraine, launching new assaults in the Kharkiv region.

Mr Austin and about 50 defence leaders from around the world met online on Monday to co-ordinate more military aid to Ukraine as it tries to hold off Russia's advances while conducting its own offensive in the occupied Crimean Peninsula.

“We're meeting in a moment of challenge,” he told colleagues.

He told reporters after the meeting: “We’ll continue to push to ensure that Ukraine owns its skies and can defend its citizens and its civilian infrastructure far from the front lines.”

The Ukrainian military has suffered setbacks in recent months, partly due to the US Congress delaying funding and equipment.

Ukraine has struggled to get enough troops to the front lines as the war drags on into its third year and fighting takes its toll.

In the four weeks since US President Joe Biden signed the $95 billion foreign aid package, which included about $61 billion for Ukraine, the US has sent $1.4 billion in weapons pulled from Pentagon stockpiles and announced it was providing $6 billion in funding through the Ukraine Security Assistance Initiative.

In recent packages, the US has agreed to send High Mobility Artillery Rocket Systems (Himars) and rockets for them, as well as munitions for Patriot and National Advanced Surface-to-Air Missile Systems, artillery, anti-aircraft and anti-tank munitions, and armoured vehicles, such as Bradley and Mine Resistant Ambush Protected vehicles.

The US has now provided about $50.6 billion in military assistance to Ukraine since Russia invaded in February 2022.

  • Air defence: Ukraine’s air defence largely depends on the Patriot system. AFP
    Air defence: Ukraine’s air defence largely depends on the Patriot system. AFP
  • Air: Stinger short-range surface-to-air missile. Reuters
    Air: Stinger short-range surface-to-air missile. Reuters
  • Air: Aim-120 air-to-air missiles. More than 14,000 of the missiles, that have a range exceeding 120km, have been produced with their accuracy so good that they have been nicknamed “Slammer”. Getty Images
    Air: Aim-120 air-to-air missiles. More than 14,000 of the missiles, that have a range exceeding 120km, have been produced with their accuracy so good that they have been nicknamed “Slammer”. Getty Images
  • Air: F-16s will provide greater surveillance and the ability to attack high-value targets behind Russian lines in occupied Ukraine. EPA
    Air: F-16s will provide greater surveillance and the ability to attack high-value targets behind Russian lines in occupied Ukraine. EPA
  • Armour: Bradley IFV. The Ukrainians have found the Bradley infantry fighting vehicle, with its 25mm cannon, very useful in protecting troops and providing decent firepower. Bloomberg
    Armour: Bradley IFV. The Ukrainians have found the Bradley infantry fighting vehicle, with its 25mm cannon, very useful in protecting troops and providing decent firepower. Bloomberg
  • Armour: M113. The 1960s-designed versatile M113 armoured personnel carrier has proven effective in protecting troops against minefields. Getty Images
    Armour: M113. The 1960s-designed versatile M113 armoured personnel carrier has proven effective in protecting troops against minefields. Getty Images
  • Artillery: 155mm artillery rounds. A massive delivery of 155mm rounds could prove crucial in preventing further Russian advances, particularly in its expected summer offensive. AFP
    Artillery: 155mm artillery rounds. A massive delivery of 155mm rounds could prove crucial in preventing further Russian advances, particularly in its expected summer offensive. AFP
  • Artillery: ATACMs long-range precision missiles. The ATACMS have a range of 300km with the ability to land within a few metres of a target. Getty Images
    Artillery: ATACMs long-range precision missiles. The ATACMS have a range of 300km with the ability to land within a few metres of a target. Getty Images
  • Artillery: Ground-Launched Small Diameter Bomb (GLSDB). It can be fired from the HIMARS system. Photo: Wikimedia Commons
    Artillery: Ground-Launched Small Diameter Bomb (GLSDB). It can be fired from the HIMARS system. Photo: Wikimedia Commons
  • Artillery: M777 guns and replacement barrels. The Ukrainians need many M777 howitzer barrels to replace those worn down by extensive use. Getty Images
    Artillery: M777 guns and replacement barrels. The Ukrainians need many M777 howitzer barrels to replace those worn down by extensive use. Getty Images
Match info

Uefa Nations League Group B:

England v Spain, Saturday, 11.45pm (UAE)

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Zidane's managerial achievements

La Liga: 2016/17
Spanish Super Cup: 2017
Uefa Champions League: 2015/16, 2016/17, 2017/18
Uefa Super Cup: 2016, 2017
Fifa Club World Cup: 2016, 2017

The stats

Ship name: MSC Bellissima

Ship class: Meraviglia Class

Delivery date: February 27, 2019

Gross tonnage: 171,598 GT

Passenger capacity: 5,686

Crew members: 1,536

Number of cabins: 2,217

Length: 315.3 metres

Maximum speed: 22.7 knots (42kph)

Indoor Cricket World Cup Dubai 2017

Venue Insportz, Dubai; Admission Free

Fixtures - Open Men 2pm: India v New Zealand, Malaysia v UAE, Singapore v South Africa, Sri Lanka v England; 8pm: Australia v Singapore, India v Sri Lanka, England v Malaysia, New Zealand v South Africa

Fixtures - Open Women Noon: New Zealand v England, UAE v Australia; 6pm: England v South Africa, New Zealand v Australia

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

SCHEDULE

6.30pm Maiden Dh165,000 (Dirt) 1,400m
7.05pm: Handicap Dh170,000 (D) 1,600m
7.40pm: Maiden Dh165,000 (D) 1,600m
8.15pm: Handicap Dh210,000 (D) 1,200m
8.50pm: Handicap Dh210,000 (D) 2,000m
9.25pm:Handicap Dh185,000 (D) 1,400m
 
Amith's predicted winners:
6.30pm: Down On Da Bayou
7.05pm: Etisalat
7.40pm: Mulfit
8.15pm: Pennsylvania Dutch
8.50pm: Mudallel
9.25pm: Midnight Sands

Updated: May 20, 2024, 7:23 PM