UAE Team Emirates rider Adam Yates celebrates after winning the Tour de Romandie on April 30, 2023. AP
UAE Team Emirates rider Adam Yates celebrates after winning the Tour de Romandie on April 30, 2023. AP
UAE Team Emirates rider Adam Yates celebrates after winning the Tour de Romandie on April 30, 2023. AP
UAE Team Emirates rider Adam Yates celebrates after winning the Tour de Romandie on April 30, 2023. AP

Adam Yates secures victory for UAE Team Emirates in Tour de Romandie


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Adam Yates won the Tour of Romandie on Sunday to secure his first title since joining UAE Team Emirates last year after finishing in the main bunch in the fifth and final stage.

A 170km ride round the lake from Vufflens-la-Ville to Geneva, ended in a mass sprint which Colombian Fernando Gaviria of Movistar won ahead of German Nikias Arndt of Bahrain Victorious and Briton Ethan Hayter of Ineos, who clinched the jersey for best sprinter.

Yates, in his first season with Team UAE, took Saturday's mountainous 'Queen' stage, claiming the overall lead and the glory of the summit triumph.

On Sunday's ride, the British rider was untroubled as his team controlled a four-man break that was engulfed by a speeding peloton an agonising 2km from the finish line.

American Matteo Jorgenson of Movistar was second overall at 19 sec thanks to his performance in Friday's time trial. Italian veteran Damiano Caruso of Bahrain was third at 27 sec as he gets ready for another Giro d'Italia.

“Credit to the guys, they controlled the race perfectly today,” said Yates. “It’s been a perfect week for us with two stage wins and the overall, so we can’t ask for much more.”

Romandie was Yates’s first competitive outing since March’s Volta a Catalunya, where he was hindered by injuries sustained in an opening day crash.

“Winning here was the plan after the little break that I had that gave me a chance to recover from my crash in Catalunya,” said the Briton.

“We knew that there was a big mountain day that I could win. It’s easier said than done and much harder to put all of the pieces together, but in the end we managed to do it.”

The Romandie race through the French-speaking region of Switzerland is a traditional warm-up for the Tour de France though it was skipped this year by the expected main contenders in July.

Yates's UAE Team Emirates colleague Tadej Pogacar, a two-time Tour de France winner, is recovering from a broken wrist after falling during the Liege-Bastogne-Liege cycling classic.

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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if you go

The flights

Air France offer flights from Dubai and Abu Dhabi to Cayenne, connecting in Paris from Dh7,300.

The tour

Cox & Kings (coxandkings.com) has a 14-night Hidden Guianas tour of Guyana, Suriname and French Guiana. It includes accommodation, domestic flights, transfers, a local tour manager and guided sightseeing. Contact for price.

Updated: April 30, 2023, 5:16 PM