• Australia players celebrate after beating India by 209 runs to win the World Test Championship at The Oval in London on June 11, 2023. Getty
    Australia players celebrate after beating India by 209 runs to win the World Test Championship at The Oval in London on June 11, 2023. Getty
  • Australia spinner Nathan Lyon took 4-41 in India's second innings. Getty
    Australia spinner Nathan Lyon took 4-41 in India's second innings. Getty
  • Australia players celebrate at The Oval. Getty
    Australia players celebrate at The Oval. Getty
  • Australia captain Pat Cummins after the match. Getty
    Australia captain Pat Cummins after the match. Getty
  • Australia's Pat Cummins with the World Test Championship Mace. Reuters
    Australia's Pat Cummins with the World Test Championship Mace. Reuters
  • Australia's Nathan Lyon takes the catch to claim the wicket of India batter KS Bharat for 23. Getty
    Australia's Nathan Lyon takes the catch to claim the wicket of India batter KS Bharat for 23. Getty
  • Australia's Steve Smith takes a catch to dismiss Virat Kohli off the bowling of Scott Bolland. Getty
    Australia's Steve Smith takes a catch to dismiss Virat Kohli off the bowling of Scott Bolland. Getty
  • Nathan Lyon of Australia celebrates winning the match. Getty
    Nathan Lyon of Australia celebrates winning the match. Getty
  • Virat Kohli top-scored for India with 49. Getty
    Virat Kohli top-scored for India with 49. Getty
  • Australia bowler Scott Bolland celebrates after taking the wicket of India's Ravindra Jadeja for a duck. Getty
    Australia bowler Scott Bolland celebrates after taking the wicket of India's Ravindra Jadeja for a duck. Getty
  • Frustrated India batter Ajinkya Rahane after losing his wicket for 46. Reuters
    Frustrated India batter Ajinkya Rahane after losing his wicket for 46. Reuters

Dominant Australia thrash India to seal World Test Championship


  • English
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Australia swiftly ended any hopes of a record-breaking India win to seal victory by 209 runs in the World Test Championship final at The Oval on Sunday.

Set an unlikely target of 444, India had a glimmer of hope when they started the fifth morning at 164-3 with linchpin Virat Kohli and Ajinkya Rahane in the middle – on 44 and 20, respectively – as they chased 280 more runs.

But in the seventh over of the day, Kohli edged fast-bowler Scott Boland and Steve Smith took a great catch at second slip and was gone for 49. Boland then claimed Ravindra Jadeja's wicket two balls later for a duck.

The demise of Kohli confirmed it was a matter of when, not if, Australia would become a first-time world Test champion. “It was a big moment, we know how good Kohli is particularly chasing a big total,” said Australia's Steve Smith. “It opened the game up for us.”

Kohli's exit meant silence fell over the overwhelmingly pro-India crowd in London along with an air of inevitability.

Rahane reached 46 when he edged Mitchell Starc behind and began a collapse of the last five India wickets in the 30 minutes before lunch as they were bowled out for 234.

Starc added the wicket of Umesh Yadav (one), but the rest of the tail was mopped up in efficient style by Nathan Lyon.

The spinner finished with 4-41, nailing Shardul Thakur lbw for a duck, collecting a skier of a return catch from KS Bharat (23) and finishing things up when Mohammed Siraj steered a reverse sweep straight to point for one.

Australia’s celebrations began in earnest as the formed a circle in the middle of the pitch, while India were once again runners-up, having lost the inaugural final to New Zealand two years ago.

Attention now shifts to the first Ashes Test against England that starts at Edgbaston on Friday.

“It's a lot of hard work that has gone into this,” added Smith. “I feel like we've dominated the game from day one and let them back in glimpses, a few errors with no balls and dropped catches, but outside of the that it was a polished performance and we knew that the first partnership was a big one to break.

“The timing of the final isn't ideal but I don't know where else in the calendar you'd fit it in. Hopefully we can keep playing some good cricket.”

India had beaten Australia 2-1 in their last four test series, two at home and two away, to regain the world No 1 Test ranking last month, but they were always chasing the game in Birmingham.

“It was a tough one,” said India captain Rohit Sharma. I thought we started well with winning the toss and we bowled pretty well in the first session. Then we let ourselves down a little bit with how he bowled.

“We put up a good show, fought to the end but congratulations to Australia.”

Scores

Rajasthan Royals 160-8 (20 ov)

Kolkata Knight Riders 163-3 (18.5 ov)

UNSC Elections 2022-23

Seats open:

  • Two for Africa Group
  • One for Asia-Pacific Group (traditionally Arab state or Tunisia)
  • One for Latin America and Caribbean Group
  • One for Eastern Europe Group

Countries so far running: 

  • UAE
  • Albania 
  • Brazil 
ARGENTINA SQUAD

Goalkeepers: Franco Armani, Agustin Marchesin, Esteban Andrada
Defenders: Juan Foyth, Nicolas Otamendi, German Pezzella, Nicolas Tagliafico, Ramiro Funes Mori, Renzo Saravia, Marcos Acuna, Milton Casco
Midfielders: Leandro Paredes, Guido Rodriguez, Giovani Lo Celso, Exequiel Palacios, Roberto Pereyra, Rodrigo De Paul, Angel Di Maria
Forwards: Lionel Messi, Sergio Aguero, Lautaro Martinez, Paulo Dybala, Matias Suarez

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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Countries recognising Palestine

France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra

 

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
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Updated: June 11, 2023, 1:49 PM