MIAMI, FL - MAY 09: Forward LeBron James #6 of the Miami Heat defends Forward Carmelo Anthony#7 of the New York Knicks in Game Five of the Eastern Conference Quarterfinals in the 2012 NBA Playoffs on May 9, 2012 at the American Airines Arena in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Marc Serota/Getty Images/AFP== FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==
MIAMI, FL - MAY 09: Forward LeBron James #6 of the Miami Heat defends Forward Carmelo Anthony#7 of the New York Knicks in Game Five of the Eastern Conference Quarterfinals in the 2012 NBA Playoffs on May 9, 2012 at the American Airines Arena in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Marc Serota/Getty Images/AFP== FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==
MIAMI, FL - MAY 09: Forward LeBron James #6 of the Miami Heat defends Forward Carmelo Anthony#7 of the New York Knicks in Game Five of the Eastern Conference Quarterfinals in the 2012 NBA Playoffs on May 9, 2012 at the American Airines Arena in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Marc Serota/Getty Images/AFP== FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==
MIAMI, FL - MAY 09: Forward LeBron James #6 of the Miami Heat defends Forward Carmelo Anthony#7 of the New York Knicks in Game Five of the Eastern Conference Quarterfinals in the 2012 NBA Playoffs on

Carmelo Anthony cannot save New York Knicks from NBA play-offs exit


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The final horn sounded, and LeBron James wrapped his arms around Carmelo Anthony in a warm embrace.

Their head-to-head scoring match-up in this series was even, 139 points apiece.

Just about everything else tipped Miami's way - so the Heat are moving on in the NBA play-offs and the New York Knicks are going home.

James had 29 points, eight rebounds and seven assists, Chris Bosh and Dwyane Wade both scored 19 points and the Miami Heat ousted the New York Knicks 106-94 in Game 5 of the Eastern Conference first-round series Wednesday night.

The Heat won the series 4-1, and will meet the Indiana Pacers in the East semi-finals starting Sunday in Miami.

"We do not take this for granted," Heat coach Erik Spoelstra said. "This was a tough series. We feel very good about moving on and it'll only get tougher from here."

For the Heat, it was only the first step. The reigning East champions have one goal - getting back to the finals and winning it all - and that was likely why even beating the franchise's longtime rival prompted, at most, a subdued celebration.

"We will savour this win tonight," James said. "And then we get to work tomorrow and get ready for Indiana."

Anthony scored 35 points for the Knicks, including a spinning jumper over James at the end of the third quarter that pulled New York within 81-67. It was far from being enough to stave off an all-too-familiar play-off result for Anthony, part of that 2003 draft class that also yielded James, Bosh and Wade.

Anthony has played 54 post-season games, being part of wins only 17 times. A misleading stat for certain - it's hardly all on him - and no shortage of people in the Heat organisation interrupted their celebrating of a series-clincher to tip their caps Anthony's way afterward.

"We fought, under the circumstances," Anthony said. "I'm not one to make any excuses for anything. ... But Miami, they're a tough defensive team. They stick to what their schemes are."

James shot 48 per cent from the field in the series, Anthony shot 42 per cent. James averaged 6.2 rebounds and 5.6 assists, Anthony averaged 8.2 rebounds and 2.2 assists.

"It was fun, man," James said. "He's one of the most competitive players I've ever played against in a play-off series."

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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