• Juventus player Dusan Vlahovic during a training session of the team in Turin, Italy, 21 February 2022. Juventus faces Villareal in a UEFA Champions League knockout round play-offs first leg soccer match in Villareal on 22 February. EPA / Alessandro Di Marco
    Juventus player Dusan Vlahovic during a training session of the team in Turin, Italy, 21 February 2022. Juventus faces Villareal in a UEFA Champions League knockout round play-offs first leg soccer match in Villareal on 22 February. EPA / Alessandro Di Marco
  • Manuel Locatelli, Dusan Vlahovic and Weston McKennie train in Turin for the Champions League game against Villareal. EPA
    Manuel Locatelli, Dusan Vlahovic and Weston McKennie train in Turin for the Champions League game against Villareal. EPA
  • Juventus head coach Massimiliano Allegri during a training for the game against Villareal. EPA
    Juventus head coach Massimiliano Allegri during a training for the game against Villareal. EPA
  • Juve's Adrien Rabiof, third from right, and Dennis Zakaria, left, during training. EPA
    Juve's Adrien Rabiof, third from right, and Dennis Zakaria, left, during training. EPA
  • Juventus coach Massimiliano Allegri jokes with his players during a training session for the Villareal match. EPA
    Juventus coach Massimiliano Allegri jokes with his players during a training session for the Villareal match. EPA
  • Juventus players Dusan Vlahovic, Matthijs de Ligt and Weston McKennie train for the Villareal clash. EPA
    Juventus players Dusan Vlahovic, Matthijs de Ligt and Weston McKennie train for the Villareal clash. EPA
  • Juve train for their Champions League game away to Villareal. EPA
    Juve train for their Champions League game away to Villareal. EPA
  • Juventus coach Massimiliano Allegri directs his squad ahead of the Villareal game. EPA
    Juventus coach Massimiliano Allegri directs his squad ahead of the Villareal game. EPA
  • Juventus striker Dusan Vlahovic during training. EPA
    Juventus striker Dusan Vlahovic during training. EPA

Dusan Vlahovic aims to join Mbappe and Haaland in Champions League super-striker elite


Ian Hawkey
  • English
  • Arabic

By the time Kylian Mbappe had turned 22, he had racked up 22 goals in the most glamorous of club competitions. Erling Haaland will only turn 22 in July. He already has 23 Champions League goals to his name.

In the age of the precocious super-striker, there is some catching up to do for the third member of a cohort of forwards earmarked to set records at the elite level of their sport for the next decade - or, as it’s sometimes put, in what will be football’s post-Messi-and-Ronaldo era.

This evening Dusan Vlahovic belatedly takes to the Champions League stage, making his debut in the competition. He’ll be wearing Ronaldo’s old Juventus jersey and carrying into the compact surroundings of Villarreal’s Ceramica stadium the biggest price-tag from the last transfer window.

Juventus committed €70m, with further €10m in add-ons, to sign Vlahovic from Fiorentina just as he approached his 22nd birthday last month. They came out ahead in a jostle of suitors, among the most determined being Arsenal, and the size of the fee, along with the decision of the player to opt for Juve, signalled a vote of confidence in a club whose fortunes have waned in the past 18 months.

This season, like last, is developing in a battle to finish in Serie A’s top four, a modest target for the winners of nine of the last 10 scudetti, Italian titles. Nor have Juventus’s dealings in the transfer market over recent summers - or winters - greatly polished the club’s high reputation as shrewd recruiters of good-value assets.

Having dedicated a vast chunk of their budget to signing Cristiano Ronaldo in 2018 with the declaration he would be the missing piece of a jigsaw that featured a long-awaited Champions League triumph, they let Ronaldo go, at a loss, last summer.

He had scored, as ever, heavily - but there was no European Cup from his Juve stint to add to the five he has accumulated between spells at Real Madrid, and, back in 2008, Manchester United.

Vlahovic’s Serie A credentials speak for themselves. Fiorentina had him lined up to sign, from Partizan Belgrade as soon as he turned 18. In 108 games for them he struck 44 goals, establishing himself as a high-pedigree penalty-box operator, but with an ever sharper set of tools from deeper and wider positions.

Vlahovic and 90 other notable January transfers

  • Dele Alli - Tottenham to Everton (No initial fee but up to £30m in potential add-ons). PA
    Dele Alli - Tottenham to Everton (No initial fee but up to £30m in potential add-ons). PA
  • Pierre-Emerick Aubameyang - Arsenal to Barcelona (free). PA
    Pierre-Emerick Aubameyang - Arsenal to Barcelona (free). PA
  • Donny van de Beek - Manchester United to Everton (loan). PA
    Donny van de Beek - Manchester United to Everton (loan). PA
  • Jony - Lazio to Sporting Gijon (loan). Getty Images
    Jony - Lazio to Sporting Gijon (loan). Getty Images
  • Kevin Paredes - DC United to Wolfsburg (£5.2 million). Reuters
    Kevin Paredes - DC United to Wolfsburg (£5.2 million). Reuters
  • Billal Brahimi - Angers to Nice (£5.8 million). AFP
    Billal Brahimi - Angers to Nice (£5.8 million). AFP
  • Neco Williams - Liverpool to Fulham (loan). Reuters
    Neco Williams - Liverpool to Fulham (loan). Reuters
  • Jeff Hendrick - Newcastle United to QPR (loan). Getty Images
    Jeff Hendrick - Newcastle United to QPR (loan). Getty Images
  • Mamadou Sylla - Alaves to Rayo Vallecano (loan). Getty Images
    Mamadou Sylla - Alaves to Rayo Vallecano (loan). Getty Images
  • Ibrahima Kone - Sarpsborg to Lorient (£3.3 million). AFP
    Ibrahima Kone - Sarpsborg to Lorient (£3.3 million). AFP
  • Dan Burn - Brighton & Hove Albion's to Newcastle United (£12.5 million). PA
    Dan Burn - Brighton & Hove Albion's to Newcastle United (£12.5 million). PA
  • Lucas Perez - Elche to Cadiz (undisclosed fee). Getty Images
    Lucas Perez - Elche to Cadiz (undisclosed fee). Getty Images
  • Islam Slimani - Lyon to Sporting (free). Getty
    Islam Slimani - Lyon to Sporting (free). Getty
  • Jean-Philippe Mateta - Mainz to Crystal Palace (£10 million). PA
    Jean-Philippe Mateta - Mainz to Crystal Palace (£10 million). PA
  • Aaron Ramsey - Juventus to Rangers (loan). PA
    Aaron Ramsey - Juventus to Rangers (loan). PA
  • Deniz Undav - Union St-Gilloise to Brighton (£6 million). Getty Images
    Deniz Undav - Union St-Gilloise to Brighton (£6 million). Getty Images
  • Goran Pandev - Genoa to Parma (undisclosed fee). Getty Images
    Goran Pandev - Genoa to Parma (undisclosed fee). Getty Images
  • Giovani Lo Celso - Tottenham to Villarreal (loan). PA
    Giovani Lo Celso - Tottenham to Villarreal (loan). PA
  • Matt Targett - Aston Villa to Newcastle (loan). PA
    Matt Targett - Aston Villa to Newcastle (loan). PA
  • Bryan Gil - Tottenham to Valencia (loan). PA
    Bryan Gil - Tottenham to Valencia (loan). PA
  • Rodrigo Bentancur - Juventus to Tottenham (£15.9 million). AFP
    Rodrigo Bentancur - Juventus to Tottenham (£15.9 million). AFP
  • Dejan Kulusevski - Juventus to Tottenham (loan). AFP
    Dejan Kulusevski - Juventus to Tottenham (loan). AFP
  • Nat Phillips - Liverpool to Bournemouth (loan). Getty Images
    Nat Phillips - Liverpool to Bournemouth (loan). Getty Images
  • Denis Zakaria - Borussia Moenchengladbach to Juventus (£4.2 million). Getty Images
    Denis Zakaria - Borussia Moenchengladbach to Juventus (£4.2 million). Getty Images
  • Tanguy Ndombele - Tottenham to Lyon (loan). PA
    Tanguy Ndombele - Tottenham to Lyon (loan). PA
  • Christian Eriksen - Brentford (free agent). PA
    Christian Eriksen - Brentford (free agent). PA
  • Julián Álvarez - River Plate to Manchester City (£14 million; loaned back to River Plate). Getty Images
    Julián Álvarez - River Plate to Manchester City (£14 million; loaned back to River Plate). Getty Images
  • Wout Weghorst - Wolfsburg to Burnley (£12 million). Getty Images
    Wout Weghorst - Wolfsburg to Burnley (£12 million). Getty Images
  • Martín Cáceres - Cagliari to Levante (free). Getty Images
    Martín Cáceres - Cagliari to Levante (free). Getty Images
  • Max Kruse - Union Berlin to Wolfsburg (undisclosed fee). Getty Images
    Max Kruse - Union Berlin to Wolfsburg (undisclosed fee). Getty Images
  • Bruno Guimaraes - Lyon to Newcastle (£33.3 million). Getty Images
    Bruno Guimaraes - Lyon to Newcastle (£33.3 million). Getty Images
  • Luis Diaz - Porto to Liverpool (£33.3 million). Getty Images
    Luis Diaz - Porto to Liverpool (£33.3 million). Getty Images
  • Adama Traore - Wolverhampton Wanderers to Barcelona (loan). Getty Images
    Adama Traore - Wolverhampton Wanderers to Barcelona (loan). Getty Images
  • Felipe Caicedo - Genoa to Inter Milan (loan). Getty Images
    Felipe Caicedo - Genoa to Inter Milan (loan). Getty Images
  • Federico Fazio - Roma to Salernitana (free). Getty
    Federico Fazio - Roma to Salernitana (free). Getty
  • Dusan Vlahovic - Fiorentina to Juventus (£62.5 million). AP
    Dusan Vlahovic - Fiorentina to Juventus (£62.5 million). AP
  • Ilaix Moriba - RB Leipzig to Valencia (loan). AFP
    Ilaix Moriba - RB Leipzig to Valencia (loan). AFP
  • Daniel Wass - Valencia to Atletico Madrid (£2.1 million). EPA
    Daniel Wass - Valencia to Atletico Madrid (£2.1 million). EPA
  • Calum Chambers - Arsenal to Aston Villa (undisclosed fee). PA
    Calum Chambers - Arsenal to Aston Villa (undisclosed fee). PA
  • Robin Gosens - Atalanta to Inter Milan (loan). Reuters
    Robin Gosens - Atalanta to Inter Milan (loan). Reuters
  • Amad Diallo - Manchester United to Rangers (loan). PA
    Amad Diallo - Manchester United to Rangers (loan). PA
  • Samuel Kalu - Bordeaux to Watford (£3 million). AFP
    Samuel Kalu - Bordeaux to Watford (£3 million). AFP
  • Anthony Martial - Manchester United to Sevilla (loan). EPA
    Anthony Martial - Manchester United to Sevilla (loan). EPA
  • Hatem Ben Arfa - joins Lille as a free agent. AFP
    Hatem Ben Arfa - joins Lille as a free agent. AFP
  • Jeremie Boga - Sassuolo to Atalanta (£18.5 million). AP
    Jeremie Boga - Sassuolo to Atalanta (£18.5 million). AP
  • Dario Benedetto - Marseille to Boca Junior (£3 million). Getty Images
    Dario Benedetto - Marseille to Boca Junior (£3 million). Getty Images
  • Wilson Isidor - Monaco to Lokomotiv Moscow (£2.5 million). AP Photo
    Wilson Isidor - Monaco to Lokomotiv Moscow (£2.5 million). AP Photo
  • Ivan Saponjic - Atletico Madrid to Slovan Bratislava (free). EPA
    Ivan Saponjic - Atletico Madrid to Slovan Bratislava (free). EPA
  • Patrick Roberts - Manchester City to Sunderland (undisclosed fee). Getty Images
    Patrick Roberts - Manchester City to Sunderland (undisclosed fee). Getty Images
  • Sardar Azmoun - Zenit to Bayer Leverkusen (free). EPA
    Sardar Azmoun - Zenit to Bayer Leverkusen (free). EPA
  • Eliaquim Mangala - joins Saint-Etienne as a free agent. AP Photo
    Eliaquim Mangala - joins Saint-Etienne as a free agent. AP Photo
  • Oussama Idrissi Sevilla to Cadiz (loan). Getty Images
    Oussama Idrissi Sevilla to Cadiz (loan). Getty Images
  • Sergio Rico - PSG to Real Mallorca (loan). Getty Images
    Sergio Rico - PSG to Real Mallorca (loan). Getty Images
  • Leonardo Campana - Wolves to Inter Miami (loan). AFP
    Leonardo Campana - Wolves to Inter Miami (loan). AFP
  • Pablo Mari - Arsenal to Udinese (loan). PA
    Pablo Mari - Arsenal to Udinese (loan). PA
  • Tommy Doyle - Manchester City to Cardiff City (loan). PA
    Tommy Doyle - Manchester City to Cardiff City (loan). PA
  • Sead Kolasinac - Arsenal to Marseille (free). Reuters
    Sead Kolasinac - Arsenal to Marseille (free). Reuters
  • Nani - Orlando City to Venezia (free). Getty Images
    Nani - Orlando City to Venezia (free). Getty Images
  • Jordan Lukaku - Lazio to Vicenza (loan). PA
    Jordan Lukaku - Lazio to Vicenza (loan). PA
  • Sergio Oliveira - Porto to Roma (loan). Getty Images
    Sergio Oliveira - Porto to Roma (loan). Getty Images
  • Diego Godin - Cagliari to Atlético Mineiro (released). Getty Images
    Diego Godin - Cagliari to Atlético Mineiro (released). Getty Images
  • Borja Mayoral - Roma to Getafe (loan). EPA
    Borja Mayoral - Roma to Getafe (loan). EPA
  • Anwar El Ghazi - Aston Villa to Everton (loan). AFP
    Anwar El Ghazi - Aston Villa to Everton (loan). AFP
  • Luke Matheson - Wolves to Scunthorpe United (loan). Reuters
    Luke Matheson - Wolves to Scunthorpe United (loan). Reuters
  • Jesus Manuel Corona - Porto to Sevilla (£2.9 million). Getty Images
    Jesus Manuel Corona - Porto to Sevilla (£2.9 million). Getty Images
  • Cristiano Piccini - Valencia to Red Star (free). EPA
    Cristiano Piccini - Valencia to Red Star (free). EPA
  • Edon Zhegrova - Basel to Lille (£5.8 million). AP Photo
    Edon Zhegrova - Basel to Lille (£5.8 million). AP Photo
  • Patrik Gunnarsson - Brentford to Viking FK (undisclosed fee). AP photo
    Patrik Gunnarsson - Brentford to Viking FK (undisclosed fee). AP photo
  • Chiquinho - Estoril to Wolves (£2.9 million). AFP
    Chiquinho - Estoril to Wolves (£2.9 million). AFP
  • Robin Olsen - Roma to Aston Villa (loan). Reuters
    Robin Olsen - Roma to Aston Villa (loan). Reuters
  • Philippe Coutinho - Barcelona to Aston Villa (loan). AFP
    Philippe Coutinho - Barcelona to Aston Villa (loan). AFP
  • Chris Wood - Burnley to Newcastle United (£25 million). AFP
    Chris Wood - Burnley to Newcastle United (£25 million). AFP
  • Lucas Digne - Everton to Aston Villa (£25 million). EPA
    Lucas Digne - Everton to Aston Villa (£25 million). EPA
  • Folarin Balogun - Arsenal to Middlesbrough (loan). PA
    Folarin Balogun - Arsenal to Middlesbrough (loan). PA
  • Jan Zamburek - Brentford to Viborg (undisclosed fee). PA
    Jan Zamburek - Brentford to Viborg (undisclosed fee). PA
  • Taylor Harwood-Bellis - Manchester City to Stoke City (loan). Getty Images
    Taylor Harwood-Bellis - Manchester City to Stoke City (loan). Getty Images
  • Andrea Conti - AC Milan to Sampdoria (undisclosed fee). Getty Images
    Andrea Conti - AC Milan to Sampdoria (undisclosed fee). Getty Images
  • Krzysztof Piatek - Hertha Berlin to Fiorentina (loan). EPA
    Krzysztof Piatek - Hertha Berlin to Fiorentina (loan). EPA
  • Axel Tuanzebe - Manchester United to Napoli (loan). AP Photo
    Axel Tuanzebe - Manchester United to Napoli (loan). AP Photo
  • Kieran Trippier - Atletico Madrid to Newcastle United (£12 million). PA
    Kieran Trippier - Atletico Madrid to Newcastle United (£12 million). PA
  • Ainsley Maitland-Niles - Arsenal to Roma (loan). Reuters
    Ainsley Maitland-Niles - Arsenal to Roma (loan). Reuters
  • Jurgen Locadia - Brighton & Hove Albion to Bochum (released). PA
    Jurgen Locadia - Brighton & Hove Albion to Bochum (released). PA
  • Samir - Udinese to Watford (undisclosed fee). AP
    Samir - Udinese to Watford (undisclosed fee). AP
  • Nathan Patterson - Rangers to Everton (£12 million). PA
    Nathan Patterson - Rangers to Everton (£12 million). PA
  • Teden Mengi - Manchester United to Birmingham City (loan). AP Photo
    Teden Mengi - Manchester United to Birmingham City (loan). AP Photo
  • Hassane Kamara - Nice to Watford (£4 million). Reuters
    Hassane Kamara - Nice to Watford (£4 million). Reuters
  • Ferran Torres - Manchester City to Barcelona (£46.3 million). Getty Images
    Ferran Torres - Manchester City to Barcelona (£46.3 million). Getty Images
  • Aaron Connolly - Brighton & Hove Albion to Middlesbrough (loan). PA
    Aaron Connolly - Brighton & Hove Albion to Middlesbrough (loan). PA
  • Vitaliy Mykolenko - Dynamo Kiev to Everton (£17.6 million). Reuters
    Vitaliy Mykolenko - Dynamo Kiev to Everton (£17.6 million). Reuters
  • Rafinha - PSG to Real Sociedad (loan). AFP
    Rafinha - PSG to Real Sociedad (loan). AFP

He arrived in Italy dubbed ‘The Zlatan of Belgrade’, a nickname Vlahovic had partly prompted by his own confession that Zlatan Ibrahimovic was his idol and role model growing up.

When Juventus head coach, Max Allegri welcomed him to Turin last month, he moved the dial to the next generation: “He’s up there with the best, alongside Mbappe and Haaland.”

The hype was justified almost immediately. Within 13 minutes of his Juventus debut, Vlahovic had scored his first goal, demonstrating an unflustered cool in his measured lob, on the run, over the advancing Hellas Verona goalkeeper Lorenzo Montipo.

Four evenings later, there was another show reel of Vlahovic’s excellence playing off the shoulder of the last defender. He picked up a long pass, worked his way goalwards from wide on the Juventus left to engineer the winning goal in a Coppa Italian quarter-final against Sassuolo.

The duel for a place in the last eight of the Champions League against Europa League-holders Villarreal, represents a significant step up, said Allegri, tempering his effusive bracketing of his new striker with those European Cup-weathered contemporaries, Haaland and Mbappe.

“We must not weigh Dusan down with responsibilities,” advised the Juve head coach, anticipating an “even, 50-50” last-16 tie. “He has great qualities, but this [the Champions League] is a new experience, and we need to support him.”

Unavailable, because of injury, to back up Vlahovic, will be Pablo Dybala, with whom a promising understanding is already developing. Juventus are likely to be spearheaded by a more like-for-like attacking pair, in Vlahovic and Alvaro Morata.

Morata, whose place in the Juve hierarchy had seemed most compromised by the Vlahovic signing, said yesterday the Serbian forward’s arrival had galvanised Juventus’s season.

“He’s been nothing but positive, on and off the pitch,” said Morata. “He’s a great footballer, he’s young and he has a terrific career ahead of him. He’s adapted very well. We’re all hoping to see him score his first Champions League goals.”

COMPANY%20PROFILE
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MATCH INFO

Champions League quarter-final, first leg

Ajax v Juventus, Wednesday, 11pm (UAE)

Match on BeIN Sports

Race 3

Produced: Salman Khan Films and Tips Films
Director: Remo D’Souza
Cast: Salman Khan, Anil Kapoor, Jacqueline Fernandez, Bobby Deol, Daisy Shah, Saqib Salem
Rating: 2.5 stars

Madrid Open schedule

Men's semi-finals

Novak Djokovic (1) v Dominic Thiem (5) from 6pm

Stefanos Tsitsipas (8) v Rafael Nadal (2) from 11pm

Women's final

Simona Halep (3) v Kiki Bertens (7) from 8.30pm

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

What are the influencer academy modules?
  1. Mastery of audio-visual content creation. 
  2. Cinematography, shots and movement.
  3. All aspects of post-production.
  4. Emerging technologies and VFX with AI and CGI.
  5. Understanding of marketing objectives and audience engagement.
  6. Tourism industry knowledge.
  7. Professional ethics.
Company profile

Company name: Dharma

Date started: 2018

Founders: Charaf El Mansouri, Nisma Benani, Leah Howe

Based: Abu Dhabi

Sector: TravelTech

Funding stage: Pre-series A 

Investors: Convivialite Ventures, BY Partners, Shorooq Partners, L& Ventures, Flat6Labs

The years Ramadan fell in May

1987

1954

1921

1888

The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

Results

2.30pm: Expo 2020 Dubai – Conditions (PA) Dh80,000 (Dirt) 1,600m; Winner: Barakka, Ray Dawson (jockey), Ahmad bin Harmash (trainer)

3.05pm: Now Or Never – Maiden (TB) Dh82,500 (Turf) 1,600m; Winner: One Idea, Andrea Atzeni, Doug Watson

3.40pm: This Is Our Time – Handicap (TB) Dh82,500 (D) 1,600m; Winner: Perfect Balance, Tadhg O’Shea, Bhupat Seemar

4.15pm: Visit Expo 2020 – Handicap (TB) Dh87,500 (T) 1,600m; Winner: Kaheall, Richard Mullen, Salem bin Ghadayer

4.50pm: The World In One Place – Handicap (TB) Dh95,000 (T) 1.900m; Winner: Castlebar, Adrie de Vries, Helal Al Alawi

5.25pm: Vision – Handicap (TB) Dh95,000 (D) 1,200m; Winner: Shanty Star, Richard Mullen, Rashed Bouresly

6pm: Al Wasl Plaza – Handicap (TB) Dh95,000 (T) 1,200m; Winner: Jadwal, Dane O’Neill, Doug Watson

The%20specs%3A%202024%20Mercedes%20E200
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What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

La Mer lowdown

La Mer beach is open from 10am until midnight, daily, and is located in Jumeirah 1, well after Kite Beach. Some restaurants, like Cupagahwa, are open from 8am for breakfast; most others start at noon. At the time of writing, we noticed that signs for Vicolo, an Italian eatery, and Kaftan, a Turkish restaurant, indicated that these two restaurants will be open soon, most likely this month. Parking is available, as well as a Dh100 all-day valet option or a Dh50 valet service if you’re just stopping by for a few hours.
 

RACE CARD

6.30pm: Madjani Stakes Group 2 (PA) Dh97,500 (Dirt) 1,900m
7.05pm: Maiden (TB) Dh82,500 (D) 1,400m
7.40pm: Maiden (TB) Dh82,500 (D) 1,600m
8.15pm: Handicap (TB) Dh87,500 (D) 2,200m
8.50pm: Dubai Creek Mile Listed (TB) Dh132,500 (D) 1,600m
9.25pm: Conditions (TB) Dh120,000 (D) 1,900m
10pm: Handicap (TB) Dh92,500 (D) 1,400m

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

The most expensive investment mistake you will ever make

When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.

“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.

This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).

Age

$250 a month

$500 a month

$1,000 a month

25

$640,829

$1,281,657

$2,563,315

35

$303,219

$606,439

$1,212,877

45

$131,596

$263,191

$526,382

55

$44,351

$88,702

$177,403

 

Generational responses to the pandemic

Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:

Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.

Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.

Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.

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Tips from the expert

Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.

  1. Sellers should focus on providing high-quality used goods at attractive prices to buyers.
  2. It’s important to use clear and appealing photos, with catchy titles and detailed descriptions to capture the attention of prospective buyers.
  3. Try to advertise a realistic price to attract buyers looking for good deals, especially in the current environment where consumers are significantly more price-sensitive.
  4. Be creative and look around your home for valuable items that you no longer need but might be useful to others.
Updated: February 22, 2022, 7:55 AM