I have a reflexive bias against the Iran deal, for reasons that have little to do with Iranians and everything to do with Tehran's policies in the region. Despite this, I back the imperfect P5+1 nuclear deal with Iran, because the wider context of Middle Eastern politics make all other realistic options far worse.
To be opposed to the Iran deal is not intrinsically bereft of worth. There are very good reasons to be incredibly suspicious of Tehran – not because of the nonsensical sectarianism that is currently being peddled across large parts of the Arab world, nor because of some insidious bigotry against Iranians or Muslims within the West. Rather, there are ethical objections to how Tehran has chosen to engage in the region, the most prominent example being its decision to back the butcher of Damascus, Bashar Al Assad.
But Tehran’s conduct in this region is precisely why the deal should be seized upon to push forward a change in Iranian policies.
Would the deal have been better if changes in certain regional policies had been demanded as a prerequisite? Yes, but Tehran was not prepared to sign such a deal.
Regardless of that, if any party has objections, then the solution is not to push for a disavowal of the deal, but to seize on it as a way to move Tehran in another direction. Admittedly, it won’t be easy to make that happen. It is entirely possible that Tehran will use the freer international environment to spread its influence and cause more trouble. Indeed, it has to be expected that certain parties in Tehran will try to do that anyway.
But more access to the international community can work both ways, if those in the region and beyond are focused on making it so. If the international community is prepared to put even a portion of the energy it used to obtain this deal into ensuring that its implementation and follow-up are constructive and focused, then Tehran will be left with far fewer options. Tehran won’t be able to have its cake and eat it too – unless the world lets it.
Some will argue that with all these risks, the deal should simply be scrapped. One major fault with that argument is the assumption that scrapping the deal would lead to a safer situation – and that simply isn’t the case. It’s why, for example, the head of the group that was meant to lead lobbying efforts against the Iran deal has quit his job. After looking into it at length, United Against Nuclear Iran president Gary Samore realised that the deal delivered the safest way forward. He came to that conclusion even while harbouring deep suspicions about Tehran and its intentions.
For many of its more sophisticated supporters, the deal is a good one not because they don’t suspect Tehran, but because they do.
Those Americans wanting to scrap the deal also claim that it is opposed in the Arab world and particularly so in the Gulf, where many countries are US allies. There is one problem with that argument – and that is that much of the Arab world, especially the GCC, has come out in support of the deal.
Many countries are deeply distrustful of Tehran – and with good reason, owing to Iranian policies in their own backyard. But they also recognise that one way or another, there had to be a deal, and it is time for them to prepare for the next phase. Many opponents of the deal in the West ought to think carefully about coming to the same conclusion.
When the deal was announced, there was an excitement among its many supporters that belied reality. Iran is unlikely to become a positive force in the international community anytime soon. But that is not the point. The point is whether the deal is likely to lead to a better situation regionally and internationally over the medium and long term. Not having a deal makes that consequence implausible. Having the deal doesn’t guarantee it, but it leaves that possibility far more open – if the international community works hard at it.
Opponents of the agreement should consider whether their energy would be far better spent ensuring it is implemented properly and well. Otherwise, they will just be left behind as the world moves on.
Dr HA Hellyer is an associate fellow in international security studies at the Royal United Services Institute in London, and the Centre for Middle East Policy at the Brookings Institution in Washington, DC
On Twitter: @hahellyer
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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