Odion Ighalo, left, in action for Nigeria during a 2022 World Cup qualifier against Cape Verde in November. AFP
Odion Ighalo, left, in action for Nigeria during a 2022 World Cup qualifier against Cape Verde in November. AFP
Odion Ighalo, left, in action for Nigeria during a 2022 World Cup qualifier against Cape Verde in November. AFP
Odion Ighalo, left, in action for Nigeria during a 2022 World Cup qualifier against Cape Verde in November. AFP

Al Hilal recruit former Manchester United striker Odion Ighalo from title rivals Al Shabab


John McAuley
  • English
  • Arabic

Al Hilal have signed former Manchester United striker Odion Ighalo from Saudi Arabian rivals Al Shabab.

The Nigerian international, currently the top scorer in this season’s Saudi Pro League with 12 goals, was confirmed as the champions’ new recruit early on Sunday. He signed a one-and-a-half-year contract with the Riyadh side.

Hilal, the current Asian champions, had last week announced the departure of hugely popular striker Bafetimbi Gomis. The Frenchman left the club having helped fired Hilal to twin domestic league titles and two Asian Champions League crowns.

Ighalo, 32, is expected the go into the club’s squad for the upcoming Fifa Club World Cup in Abu Dhabi. HIlal enter that competition at the quarter-final stage, where they will face either UAE champions Al Jazira or Oceania representatives AS Pirae, of Tahiti, on February 6.

Ighalo has played in Saudi since leaving United in January 2021 following a year-long loan period. The frontman, who had excelled previously in the Premier League for Watford, was employed at the time by Shanghai Shenhua. In 2019, Ighalo finished top scorer at the African Cup of Nations, with five goals.

The move to Saudi reaped almost instant reward, with Ighalo voted the league’s player of the month in April and May as Shabab finished second to Hilal in the standings.

At present, Shabab sit third in the league, seven points behind leaders Al Ittihad and three ahead of fourth-placed Hilal. However, Hilal do have a game in hand over their city rivals.

Speaking on his social media account once the move was confirmed, Ighalo tweeted: “Thank you Al Shabab. It was a pleasure.”

Meanwhile, Hilal have also confirmed that midfielder Luciano Vietto has moved to Shabab on a six-month loan.

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

MATCH INFO

Uefa Champions League semi-final, first leg
Bayern Munich v Real Madrid

When: April 25, 10.45pm kick-off (UAE)
Where: Allianz Arena, Munich
Live: BeIN Sports HD
Second leg: May 1, Santiago Bernabeu, Madrid

The Perfect Couple

Starring: Nicole Kidman, Liev Schreiber, Jack Reynor

Creator: Jenna Lamia

Rating: 3/5

Updated: June 09, 2023, 10:53 AM