The 2024 T20 World Cup in June promises to be truly memorable, and not just because it is a T20 competition. This time, the number of teams competing in the main event has been expanded to accommodate more associate nations.
This time, the number of teams competing in the main event has been expanded to accommodate more associate nations.
This year's tournament will be the largest in T20 World Cup history with 20 teams playing 55 matches across nine venues in the Caribbean and USA.
The tournament, that runs from June 1 to 29, will see 20 teams divided into four groups of five. The top two teams from each group in the opening stage will progress to the Super Eights. There, qualifying teams will be split into two groups of four. From there, the top two teams from each group will make it to the semi-finals.
Group A: India, Pakistan, Ireland, Canada, USA
Group B: England, Australia, Namibia, Scotland, Oman
Group C: New Zealand, West Indies, Afghanistan, Uganda, Papua New Guinea
Group D: South Africa, Sri Lanka, Bangladesh, Netherlands, Nepal
What will also be unique about this World Cup is the entry of the US as a venue. While cricket has yet to take root in the country due to long-standing administrative issues and logistical problems, the T20 World Cup should jump-start the growth of the game in the vast North American market.
T20 World Cup 2024 venues
The tournament will be spread across nine venues, with the Caribbean hosting the bulk of the matches. However, the traditional cricket stronghold of Jamaica will not be hosting matches as the island nation decided against bidding for World Cup matches. The island also does not feature in the Caribbean Premier League as its franchise has been sold back to the league, with cricket slowly disappearing from its famous shores.
However, a number of matches have been scheduled in the US, including the blockbuster clash between India and Pakistan, which will be held in New York.
Among all the venues, the one in New York is the most interesting as it is not yet completed.
The 34,000-seat modular venue at Nassau County will host eight T20 World Cup matches, including India v Pakistan. Grandstands that were used for the Formula One Las Vegas GP will be repurposed for the venue with work set to commence this month.
Other venues have hosted cricket matches, across different levels. Below are all the venues that will host matches at the T20 World Cup 2024.
USA
Nassau County International Cricket Stadium (New York): 34,000 capacity, 8 matches
Broward County Stadium (Lauderhill, Florida): 40,000 capacity, 4 matches
Grand Prairie Cricket Stadium (Dallas, Texas): 15,000 capacity, 4 matches
Caribbean
Kensington Oval (Barbados): 28,000 capacity, 9 matches, including final
Guyana National Stadium (Guyana): 20,000 capacity, 6 matches, including semi-final
Arnos Vale (St Vincent): 18,000 capacity, 5 matches
Sir Vivian Richards Stadium (Antigua and Barbuda): 10,000 capacity, 8 matches
Daren Sammy Cricket Ground (St Lucia): 15,000 capacity, 6 matches
Brian Lara Cricket Academy (Trinidad and Tobago): 15,000 capacity, 5 matches, including semi-final
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
'Peninsula'
Stars: Gang Dong-won, Lee Jung-hyun, Lee Ra
Director: Yeon Sang-ho
Rating: 2/5
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
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