Cricket - New Zealand v India - First Test - Basin Reserve, Wellington, New Zealand - February 22, 2020 India's Virat Kohli after the match with teammates REUTERS/Martin Hunter
Cricket - New Zealand v India - First Test - Basin Reserve, Wellington, New Zealand - February 22, 2020 India's Virat Kohli after the match with teammates REUTERS/Martin Hunter
Cricket - New Zealand v India - First Test - Basin Reserve, Wellington, New Zealand - February 22, 2020 India's Virat Kohli after the match with teammates REUTERS/Martin Hunter
Cricket - New Zealand v India - First Test - Basin Reserve, Wellington, New Zealand - February 22, 2020 India's Virat Kohli after the match with teammates REUTERS/Martin Hunter

India squad ready for two-week quarantine if it means saving Australia tour, BCCI official says


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India players are prepared and willing to undergo a two-week quarantine period in Australia if it helps the tour go ahead as planned, an official from the Board of Control for Cricket in India (BCCI) said.

A cash-strapped Cricket Australia (CA) is banking heavily on the series, reportedly worth A$300 million (Dh718m), to help it cope with an acute financial crisis triggered by the coronavirus pandemic.

BCCI treasurer Arun Dhumal offered encouraging words, saying India cricketers would be willing to isolate themselves before playing four Tests and three one-day internationals in December and January.

"There is no choice - everyone will have to do that. You would want to resume the cricket," Dhumal told the Sydney Morning Herald.

The boards have been discussing the possibility of a fifth Test but Dhumal felt playing extra limited-overs matches would make more financial sense.

"If there is a window available it would be up to the boards to decide whether they wanted to go for a test match or maybe two ODIs or maybe two T20s.

"Given the revenue loss they will have on account of lockdown, post-lockdown they will want to have revenue and revenue most likely will come from ODIs or T20s much more than a Test match."

Dhumal was less optimistic about the preceding Twenty20 World Cup and did not fancy a flagship tournament in Australia featuring players who are still rusty as they emerge from the lockdown.

"Would you want to be without training for that long and straight away go and play (the) World Cup?" he said. "That is a call every board has to take. It seems to be difficult."

The BCCI has had to indefinitely postponed its own cash-cow Indian Premier League (IPL) and Dhumal said an alternative window for the tournament was yet to be identified.

"Once things get clear, then only will we be able to go back to the drawing board and think about re-starting cricket.”

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

Essentials

The flights
Etihad and Emirates fly direct from the UAE to Delhi from about Dh950 return including taxes.
The hotels
Double rooms at Tijara Fort-Palace cost from 6,670 rupees (Dh377), including breakfast.
Doubles at Fort Bishangarh cost from 29,030 rupees (Dh1,641), including breakfast. Doubles at Narendra Bhawan cost from 15,360 rupees (Dh869). Doubles at Chanoud Garh cost from 19,840 rupees (Dh1,122), full board. Doubles at Fort Begu cost from 10,000 rupees (Dh565), including breakfast.
The tours 
Amar Grover travelled with Wild Frontiers. A tailor-made, nine-day itinerary via New Delhi, with one night in Tijara and two nights in each of the remaining properties, including car/driver, costs from £1,445 (Dh6,968) per person.

RACE CARD

6.30pm: Maiden (TB) Dh82,500 (Dirt) 1,200m

7.05pm: Maiden (TB) Dh82,500 (D) 1,900m

7.40pm: Handicap (TB) Dh102,500 (D) 2,000m

8.15pm: Conditions (TB) Dh120,000 (D) 1,600m

8.50pm: Handicap (TB) Dh95,000 (D) 1,600m

9.25pm: Handicap (TB) Dh87,500 (D) 1,400m