Romelu Lukaku rejoins Chelsea in £97.5m deal

Chelsea have completed a £97.5 million ($134.7m) club record deal to bring striker Romelu Lukaku back to the Premier League.

Lukaku has just enjoyed a successful spell in Italy, helping Serie A side Inter Milan win the title last season but has decided the time is right for a return to England.

He left Chelsea to join Everton in 2014 but has now gone back to the London club in a deal just short of the £100m British record fee Manchester City have just paid Aston Villa for Jack Grealish.

It means clubs have spent more money on Lukaku than any other player in history with a combined total of around £290m having being forked out for the Belgium international.

"I'm happy and blessed to be back at this wonderful club," said Lukaku, who has signed a five-year contract. "It's been a long journey for me: I came here as a kid who had a lot to learn, now I'm coming back with a lot of experience and more mature.

"The way the club is going fits my ambitions perfectly at 28 and just coming off winning Serie A. I think this opportunity comes at the right time and hopefully we can have a lot of success together."

Lukaku was instrumental in securing Inter's first Serie A title for 11 years last season, but the Italian giants financial problems forced them into selling their prized asset to the Premier League side. He scored 64 goals in two seasons in Italy to quickly become a hero at the San Siro.

But the 28-year-old also has a proven record in the Premier League, scoring 113 goals during spells with Manchester United, Everton and West Bromwich Albion.

"Since I left Chelsea, it's been a long journey with a lot of ups and downs, but these experiences made me strong and the challenge is to try to help the team win some more trophies," added Lukaku. "I can't wait to get started and to help the club achieve more success."

After lifting the Champions League last season, Chelsea are hoping Lukaku is the final piece required to make Thomas Tuchel's side Premier League title challengers.

"Lukaku is quite simply one of the world's best strikers and goalscorers," said Chelsea director Marina Granovskaia. "We are absolutely delighted to be bringing him back to the club he loves, and are excited to be adding his talent to our Champions League-winning squad.

"We are of course looking to build on last season's success, and Lukaku will play a big role in achieving our targets."

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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

World record transfers

1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m

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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

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5. Greater emphasis on statutory audit

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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

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10. Substance and CbC reporting focus

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8. Bangladesh - 233 points

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10. Afghanistan - 226 points

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Premier League-standard football pitch
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AR and VR-enabled learning centres
Disruption Lab and Research Centre for developing entrepreneurial skills

Romelu Lukaku rejoins Chelsea in £97.5m deal

Premier League club confirm return of Belgian striker who helped Inter Milan win Serie A last season

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ICC&nbsp;T20&nbsp;Rankings

Key facilities

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