Australia Test captain Steve Smith.
Australia Test captain Steve Smith.
Australia Test captain Steve Smith.
Australia Test captain Steve Smith.

Australia 'confident' Steve Smith's elbow ready for World Cup and Ashes


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The recurring elbow injury that has long plagued Steve Smith is gradually on the mend but selectors face a tricky balancing act managing the master batsman through the Twenty20 World Cup and Ashes series.

Smith was named in Australia's World Cup squad released on Thursday, after missing the recent tours of West Indies and Bangladesh to continue his recovery.

The elbow has been a problem for years and he was in considerable pain batting for the Delhi Capitals during the Indian Premier League before it was suspended earlier this year.

Selectors chair George Bailey said on Thursday he was "really confident" Smith would play a big part in the World Cup and Ashes but also revealed the batsman was a long way from being ready for Test-level workloads.

"He’s building up nicely. The latest update I had from him is he’s facing up over 100 balls in a session pretty comfortably," Bailey told reporters in a video call.

"That’s about a quarter of what he’d like to be facing for a Test match so he’s got a little bit of building up to go there."

Smith, 32, has played through pain more often in recent years and might be expected to do the same if the risk-reward trade-off was favourable for Australia's hopes of winning their first T20 World Cup.

"There would obviously be a number where the risk would outweigh the benefit," added Bailey.

"We’ve got to place a little bit of trust in Steve as someone who knows his body and knows exactly what he needs to be able to perform at a level that’s required."

Australia are scheduled to play Afghanistan in the first Test of the home summer on November 27, though the match is in doubt after the Taliban's seizure of power in the South Asian nation.

With Australia enforcing a mandatory 14-day Covid-19 quarantine for international arrivals, Bailey said selectors might have to rest players from the test if the T20 team advanced deep into the World Cup, which finishes with the November 14 final at the Dubai International Stadium.

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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. 

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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. 

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  • Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
  • If you’re driving, make sure your insurance covers Oman.
  • By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
  • Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
  • Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.

 

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Updated: August 19, 2021, 5:43 AM