Iraq’s election results are in – now we wait for the effective results. While ballot counting has ended and figures for how each electoral list has fared were announced on Wednesday night, political parties will now come together, each using the number of votes they won as leverage to try to get a piece of Iraq’s governing pie.
Iraq’s latest elections produced a surprising turnout of 56 per cent. Most voters had expressed a lack of interest in voting and popular Shiite cleric Moqtada Al Sadr had encouraged his followers to boycott the election.
Some did stay away, and the highest proportions of voting have been recorded in Sunni-majority and Kurdish-majority provinces. Less of a surprise was Prime Minister Mohammed Shia Al Sudani attracting the most votes.
Mr Al Sudani ran on a platform promising “reconstruction and development", the name of his electoral list. The primary concerns, besides addressing unemployment, which is at more than 30 per cent among young people, are the reconstruction of Iraq’s cities and developing the economy and society 22 years after the toppling of Saddam Hussein.
The coalition led by Mr Al Sudani received 1.317 million votes, according to preliminary results, but that alone is not enough to secure a majority to form a government. He must now look for allies to form a government with, while his adversaries try to undercut him and form their own majority.
The question for Iraq’s politicians is: Will Iraq again be held hostage to bargains between various groups to form a fragmented government, or will a government of majority, based on the top three winning lists, take office?
In the previous elections of 2021, Mr Al Sadr received 885,000 votes and was set to form a government but was scuppered by his allies uniting to undercut him. This led to his list’s parliamentarians walking out of Parliament and to a power-sharing government to be formed – led by Mr Al Sudani.
Today, Mr Al Sudani may also seek to form a government based on alliances with two or more primary lists.
Former speaker Mohammed Al Halbousi's Taqadum list and Erbil’s Masoud Barzani's Kurdistan Democratic Party are among those Mr Al Sudani can reach out to – to form a diverse government but not be handicapped by power-sharing agreements, which could mean each party gets one or two ministerial posts.
But given Iraq’s track record, where only one prime minister has been able to serve two terms – Nouri Al Maliki – Mr Al Sudani is not guaranteed a second term.
While Iran, the US, Turkey and Arab states will all be watching the interplay inside Iraq, it will ultimately be up to Iraqi officials to decide what type of government best serves the country – not only their interests.
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MATCH DETAILS
Barcelona 0
Slavia Prague 0
The burning issue
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Killing of Qassem Suleimani
IF YOU GO
The flights: FlyDubai offers direct flights to Catania Airport from Dubai International Terminal 2 daily with return fares starting from Dh1,895.
The details: Access to the 2,900-metre elevation point at Mount Etna by cable car and 4x4 transport vehicle cost around €57.50 (Dh248) per adult. Entry into Teatro Greco costs €10 (Dh43). For more go to www.visitsicily.info
Where to stay: Hilton Giardini Naxos offers beachfront access and accessible to Taormina and Mount Etna. Rooms start from around €130 (Dh561) per night, including taxes.
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When: 7pm kick off
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Admission: Free
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Power: Combined output 920hp
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On sale: Now, deliveries expected later in 2025
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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
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8. Pillar 2 implementation
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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
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years