Meydan will stage its third meeting of the season – and the first of two meetings this weekend – with a seven-race card highlighted by an eight-runner 1,200-metre handicap, headed by the exciting Meshakel.
Racecard
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The Salem bin Ghadayer-trained Meshakel looked a talented prospect by easily winning two of his five starts over 1,400m and 1,600m, and was runner-up in the Group 3 UAE 2000 Guineas, all at Meydan.
Returning for his first race in more than 610 days, Meshakel showed plenty of early pace to finish sixth over the 1,400m distance two weeks ago, and should have benefited plenty for the outing.
The drop in distance should also go in his favour and once he gets to the front under Royston Ffrench, the pair could be hard to track down.
Musabah Al Muhairi saddles seasonal debutant Mutaraffa, to be ridden by Dane O’Neill, the retained jockey for the gelding’s owner Shadwelland, and Vasari.
Mutaraffa was the winner of January’s 1,000m Listed Dubai Dash on the Meydan turf, while Vasari, the mount of Antonio Fresu, has the benefit of a run already this season, finishing fourth in a handicap over this course and distance three weeks ago. He and Fresu won over this track and trip in November last year.
Tadhg O’Shea looks a significant jockey booking by Rashed Bouresly for Tabarak although he will need to bounce back from a tame seasonal return, over 1,400m, at Jebel Ali last Saturday.
Bouresly may have stronger claims with El Baareq, who three weeks ago beat three rivals in a 1,200m Jebel Ali handicap on his second appearance of the campaign. Richard Mullen maintains the partnership.
Doug Watson and Pat Dobbs combine with dirt debutant Wild Majesty in just his second start for the American following his debut for the trainer in February, failing to beat a rival in the 1,000m Group 2 Blue Point Sprint.
He had run twice prior to that in turf sprints during the 2022 Dubai World Cup Carnival, representing France when in the care of Henri-Francois Devin, and making his local debut in the Listed Dubai Dash won by Mutaraffa.
The Ahmad bin Harmash pair, Will To Win and Roulston Scar, complete the line-up, Ray Dawson seemingly choosing the latter with Saif Al Balushi aboard the stablemate.
Sharjah will host its third meeting of the season on Saturday, a six-race card highlighted by the Sheikh Hamdan bin Rashid Al Maktoum Cup, a Dh200,000 handicap for the thoroughbreds run over the 1,700m distance.
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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
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Racecard
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