Syria's elections are expected to happen on May 26. EPA
Syria's elections are expected to happen on May 26. EPA
Syria's elections are expected to happen on May 26. EPA
Syria's elections are expected to happen on May 26. EPA

Why Syria’s sham presidential elections actually do matter


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Ten years on from the start of Syria's uprising-turned-civil war, the country's leader, Bashar Al Assad, has announced plans for presidential elections to be held on May 26. Previous votes during the Al Assad family's iron-fisted rule have been viewed widely to be a farce. The last election, in 2014, saw the President secure 92 per cent of the poll. There is no reason to suspect that this year's will be any different.
If anything, the country's fractured state will render them even less credible. Large pockets of territory remain outside of government control, and a decade of brutality that has resulted in a civilian death toll in the hundreds of thousands will deter any serious opposition candidates.
This year's election will instead primarily serve as a means to undermine any serious effort to secure a lasting, inclusive peace for all Syrians. Talks between the government and opposition factions to form a new constitution have been taking place intermittently in Geneva for years, admittedly with little progress. But they will be rendered entirely moot, as far as Damascus is concerned, when a new election touches up the facade of popular support for Mr Al Assad's status quo.

Our cartoonist's take on presidential elections in Syria
Our cartoonist's take on presidential elections in Syria
Success in Geneva can bring fair elections

The Geneva talks involve representatives from across Syria's various factions and civil society, with input from a number of foreign powers. These are the stakeholders with the power to settle the conflict. The progress of their negotiations is slow in part because their mandate precludes the luxury of cementing a result through an empty election. Instead, they are faced with many complex questions that need answering quickly if Syria is to get the reformed constitution it needs in order to restore trust in its public institutions. A framework for a sustainable political settlement will require sincerity and a great deal of effort, particularly in a splintered country where the ideologies and foreign backers of parties differ so profoundly.

Mr Al Assad's move will no doubt create a significant obstacle to further progress in these constitutional negotiations, as his government will likely seek to ignore, delay or cancel them altogether. The pressure, therefore, will be much greater on the international community to remind Damascus that what happens in Geneva still matters, and that elections based on reformed constitutional principles must be the ultimate mechanism through which Syria's government affirms its rule.
A defining aspect of the country's conflict is the complex role that a number of foreign powers have played. Pressure from them could hurry negotiating parties into actually making progress.
The correct order for securing peace is success in Geneva first, then a more transparent and internationally monitored vote. Ignoring this and repeating the faux elections of the past can result only in a prolongation of the conflict. There is little doubt at this stage of Syria's war that Mr Al Assad has beaten his opponents into submission, and secured for himself a role in Syria's politics for some time to come. But this does not give him a free pass to endanger his country any more than he already has.

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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.

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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. 

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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