The new cricket season will be among the busiest ever for leading UAE cricketers, after dates were confirmed for the next edition of the Abu Dhabi T10.
The 2022 version of competition, which will be the fourth since it moved from Sharjah to the capital, will take place at the Zayed Cricket Stadium from November 23 to December 4.
The 10-over tournament is set to be joined on the UAE calendar for the first time by a new T20 franchise league, which is also expected to attract some of the leading names from the world game.
That event, set to be named the International League T20, will be played in January and February 2023.
It is to be played across the Emirates, with Abu Dhabi itself to become home to a team representing the Knight Riders franchise from Kolkata.
Before the domestic campaign begins, the country’s leading players are also set for a busy schedule of international games.
After playing a Cricket World Cup League 2 series in Scotland in August, the national team are due to travel for the qualifying round of the Asia Cup in Sri Lanka.
They have also qualified for round one of the T20 World Cup in October.
Many of the country’s leading players missed the last season of the T10, due to a clash with the national team’s tour of Namibia in the Cricket World Cup league.
In their absence, the league continued to thrive. According to data released by the organisers, the league’s total economic impact value in 2021 was $621.2 million.
They also stated the tournament “reached 342 million television and over-the-top digital viewers, in turn increasing Abu Dhabi T10's sponsorship value by 81 percent to $279.3 million”.
“Through our partnership with the Abu Dhabi T10, we have further positioned Abu Dhabi as a major sporting global hub and consistently demonstrated the city's ability to both build, and host, one of cricket's most entertaining competitions,” Aref Al Awani, the general secretary of Abu Dhabi Sports Council, was quoted as saying in a press release.
“This is evidence of the success of a significant strategic objective of the Abu Dhabi government; to create and deliver sporting events that contribute to enhancing the emirate’s leadership in global sports.”
The tournament's format is set to stay the same for the 2022 season, with each team playing 10 league fixtures before the top four sides advance to the playoffs and final.
“The past three editions of the Abu Dhabi T10 have proven that 10-over cricket has both a thriving market and engaged international audience,” Matt Boucher, Abu Dhabi Cricket’s chief executive, said.
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The Abu Dhabi Awards explained:
What are the awards? They honour anyone who has made a contribution to life in Abu Dhabi.
Are they open to only Emiratis? The awards are open to anyone, regardless of age or nationality, living anywhere in the world.
When do nominations close? The process concludes on December 31.
How do I nominate someone? Through the website.
When is the ceremony? The awards event will take place early next year.
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
Company profile
Name: Dukkantek
Started: January 2021
Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani
Based: UAE
Number of employees: 140
Sector: B2B Vertical SaaS(software as a service)
Investment: $5.2 million
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Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
