• Atletico Madrid's Argentinian coach Diego Simeone (R) takes part in a training session in Madrid on February 22, 2022, on the eve of their UEFA Champions League round of 16 first leg football match against Manchester United. (Photo by OSCAR DEL POZO / AFP)
    Atletico Madrid's Argentinian coach Diego Simeone (R) takes part in a training session in Madrid on February 22, 2022, on the eve of their UEFA Champions League round of 16 first leg football match against Manchester United. (Photo by OSCAR DEL POZO / AFP)
  • Atletico Madrid coach Diego Simeone addresses a press conference in Madrid on February 22, 2022, on the eve of their Champions League last 16 first leg against Manchester United. AFP
    Atletico Madrid coach Diego Simeone addresses a press conference in Madrid on February 22, 2022, on the eve of their Champions League last 16 first leg against Manchester United. AFP
  • Atletico Madrid players taking part in a training session on the eve of their Champions League match against Manchester United. AFP
    Atletico Madrid players taking part in a training session on the eve of their Champions League match against Manchester United. AFP
  • Atletico Madrid's Montenegrin defender Stefan Savic addresses a press conference in Madrid. AFP
    Atletico Madrid's Montenegrin defender Stefan Savic addresses a press conference in Madrid. AFP
  • Atletico Madrid defender Stefan Savic and coach Diego Simeone arrive at a press conference in Madrid. AFP
    Atletico Madrid defender Stefan Savic and coach Diego Simeone arrive at a press conference in Madrid. AFP
  • Atletico Madrid's French forward Antoine Griezmann takes part in a training session. AFP
    Atletico Madrid's French forward Antoine Griezmann takes part in a training session. AFP
  • Atletico Madrid's Mexican midfielder Hector Herrera. AFP
    Atletico Madrid's Mexican midfielder Hector Herrera. AFP
  • Atletico Madrid players take part in a training session. AFP
    Atletico Madrid players take part in a training session. AFP
  • Atletico Madrid forward Luis Suarez. AFP
    Atletico Madrid forward Luis Suarez. AFP
  • Atletico Madrid players take part in a training session in Madrid. AFP
    Atletico Madrid players take part in a training session in Madrid. AFP
  • Atletico Madrid's Argentinian coach Diego Simeone. AFP
    Atletico Madrid's Argentinian coach Diego Simeone. AFP
  • Atletico Madrid coach Diego Simeone takes part in a training session in Madrid. AFP
    Atletico Madrid coach Diego Simeone takes part in a training session in Madrid. AFP
  • Atletico Madrid players attend a training session at Wanda Metropolitano. EPA
    Atletico Madrid players attend a training session at Wanda Metropolitano. EPA
  • A general view of Atletico Madrid's Wanda Metropolitano. EPA
    A general view of Atletico Madrid's Wanda Metropolitano. EPA
  • Atletico Madrid's Antoine Griezmann. EPA
    Atletico Madrid's Antoine Griezmann. EPA
  • Atletico Madrid's Renan Lodi, Joao Felix and Thomas Lemar attend a training session. EPA
    Atletico Madrid's Renan Lodi, Joao Felix and Thomas Lemar attend a training session. EPA
  • Atletico Madrid's Jan Oblak during training. Reuters
    Atletico Madrid's Jan Oblak during training. Reuters

Frustration at Atletico Madrid as solidity that has defined Diego Simeone's reign wanes


Andy Mitten
  • English
  • Arabic

To try to disengage from the all-encompassing job that is managing Atletico Madrid, long-time manager Diego Simeone likes an afternoon trip to the cinema.

"The coaching part is beautiful and tough at the same time," he once said of his escapes. "It’s difficult to disconnect. I go to the movies on Tuesday – or Thursday if I have a match in Europe - and suddenly the film gets boring and players appear on the screen. I start to think, 'how can I drop this one? How can I make him improve?'"

The Argentine, in charge of the team he served so well as a player since 2011, has had much to think about of late. His side won La Liga last May, yet like Wednesday’s Champions League opponents Manchester United, are well off the pace in their domestic league, having lost five of 10 league games since December. Atleti are fifth and have conceded more goals than any other team in the top half of the table.

“We have been defending extraordinarily well for 10 years and this year it is not working out for us”, Simeone said after a recent defeat. “We can improve, we don’t have the attention we should have.”

The team who sat second after beating Barcelona at home in October (Luis Suarez scored) slipped out of the Champions League spots after losing 4-2 to Barcelona this month (Luis Suarez again).

The Uruguayan, 35, a former nemesis of Manchester United, isn’t the player he was but he’s still capable of scoring a sublime goal, as he did in a 3-0 win at Osasuna on Saturday with a lob from distance. It was the first time Simeone’s side has kept a clean sheet all season. It wasn’t as convincing as it sounds: Osasuna had 63 per cent possession and 13 shots to Atleti’s five. A team long renown for warrior-like defenders that symbolised their manager’s commitment and drive no longer do that. In their previous game, a 1-0 home defeat to bottom club Levante, Atletico didn’t manage a shot on goal.

Atleti lose to Barcelona

  • Dani Alves celebrates after scoring Barcelona's fourth goal in their 4-2 La Liga win over Atletico Madrid at Camp Nou on Sunday, February 6, 2022. EPA
    Dani Alves celebrates after scoring Barcelona's fourth goal in their 4-2 La Liga win over Atletico Madrid at Camp Nou on Sunday, February 6, 2022. EPA
  • Barcelona's Dani Alves scores their fourth goal. Reuters
    Barcelona's Dani Alves scores their fourth goal. Reuters
  • Atletico Madrid attacker Luis Suarez celebrates scoring against his former club. AFP
    Atletico Madrid attacker Luis Suarez celebrates scoring against his former club. AFP
  • Jordi Alba celebrates after scoring Barcelona's first goal to make the score 1-1. EPA
    Jordi Alba celebrates after scoring Barcelona's first goal to make the score 1-1. EPA
  • Atletico Madrid midfielder Yannick Ferreira-Carrasco lies on the ground after a foul by Barcelona's Dani Alves. AFP
    Atletico Madrid midfielder Yannick Ferreira-Carrasco lies on the ground after a foul by Barcelona's Dani Alves. AFP
  • Ronald Araujo celebrates after scoring Barcelona's third goal. EPA
    Ronald Araujo celebrates after scoring Barcelona's third goal. EPA
  • Barcelona's Jordi Alba celebrates scoring. AFP
    Barcelona's Jordi Alba celebrates scoring. AFP
  • Luis Suarez scores for Atletico Madrid. AFP
    Luis Suarez scores for Atletico Madrid. AFP
  • Barcelona's Dani Alves, left, celebrates after scoring. AP
    Barcelona's Dani Alves, left, celebrates after scoring. AP
  • Barcelona players celebrate their victory at the end of the match. AFP
    Barcelona players celebrate their victory at the end of the match. AFP
  • Barcelona's Dani Alves leaves the pitch after being sent-off. AFP
    Barcelona's Dani Alves leaves the pitch after being sent-off. AFP

Suarez’s nine league goals this season are half those of the league’s leading scorer, Karim Benzema, with Angel Correa, who got his 11th of the season on Saturday, the top scorer. The Argentine is in form in 2022 and only Bayern Munich’s Robert Lewandowski can match his seven goals in Europe’s top five leagues since the turn of the year.

Atletico, like United, boast big names: Antoine Griezmann, on loan from Barcelona and back from injury, but didn’t feature on Saturday; Suarez, Correa; the captain, Koke – a doubt for Wednesday, goalkeeper Jan Oblak, and Joao Felix, the 22-year-old Portuguese forward who, at €126 million is the fourth most expensive player in history. He played his 100th game for the club at the weekend, and set up Suarez’s goal. But while he’s a magical footballer, he’s not consistent.

“The kid has so much talent and vision,” explains Atlético season ticket holder and long-time Madrid resident David Robertson.” He could be one of the best players in the world in the future. I can honestly say I’ve never seen anyone in Atleti with so much talent, and I’ve seen the likes of [Fernando] Torres and [Sergio] Aguero. But there’s something missing. Probably the right attitude, but he’s been better in recent weeks. The wonder kid is waking up.”

Atletico Madrid's Joao Felix. AFP
Atletico Madrid's Joao Felix. AFP

Winger Yannick Carrasco is out of the United game as he isolates following close contactr with a positive Covid case. He’ll be badly missed, since he and midfielder Thomas Lemar have been Atleti’s best players. Kieran Trippier has returned to England. Atletico enquired about United’s Diogo Dalot as a replacement but were given the same short shrift as when the boot was on the other foot – at various times in recent years United have enquired about Griezmann, defender Jose Gimenez, and even Simeone. The man they call ‘El Cholo’ - a nickname bestowed by a former youth coach who reckoned he reminded him of former Boca player Carmelo Simeone, doesn't speak English and has only said publicly that he'd like to coach Inter Milan and Lazio, two of his former teams in Italy.

The Madrilenos can afford big names because of Simeone, under whom the club underwent a revolution. Atleti once let go their most talented youngsters David de Gea and Aguero because they needed the money.

"If we're selling players to the biggest clubs in the world then it shows I'm doing my job well," explained sporting director and former Spain international Jose Luis Caminero a decade ago. “It shows we're producing and developing excellent footballers. It’s also a reality. Atleti is a big club, but not the biggest.” It’s still true but you’d never hear anyone at Atleti say such a thing now. They think they should be at the top table.

Simeone changed everything. He returned to Atleti as coach in December 2011 when they were 10th in La Liga, four points above the relegation zone and ejected from the cup by lowly Albacete. They’d just sacked Gregorio Manzano, who’d been there just six months, the 49th managerial change under the current ownership – yes, forty ninth.

Atletico Madrid coach Diego Simeone. AFP
Atletico Madrid coach Diego Simeone. AFP

For years, Atletico were pupas - losers who lost their nerve. There was negativity about in the psyche of the supporters and that fed into the players.

“We’d get a good away win and then the fans were convinced that we’d lose an easy home game a few days later because that’s what Atleti did,” said former striker Diego Forlan. “And you know what? We did lose, because some players believed the fatalism. They were used to failure but me, Aguero, Jose Reyes, Simao and De Gea changed the mentality and helped bring success.”

Simeone took everything up a level. He wanted to “see an aggressive, strong, combative and determined team”. His impact was immediate, six clean sheets in his first six games.

He has continued to revitalise the club since with year-on-year improvements. They won the Europa League again in 2012 and a historic Copa del Rey victory against Real Madrid in the Bernabéu would follow in May 2013. In 2014 the rojiblancos won the league for the first time since 1996 when a team with Simeone in it won the double. Over 250,000 fans came out onto Madrid’s streets to celebrate, with the support for the team only bettered by Real Madrid and Barcelona in Spain. That support deserved a bigger home and the long-awaited move to a new stadium came in 2017, the 67,000 capacity Wanda Metropolitano further out from Madrid than their old Calderon cauldron. It hosted the 2019 Champions League final, won by Liverpool. Atletico dreamed it would be them soon. They reached the 2014 and 2016 Champions League finals, losing both times to Real Madrid, the first after extra time, the second after extra time and penalties. That stung, but Atletico have won three Europa Leagues and three Super Cups since 2010.

Liverpool came again this season and defeated Atletico, as they did at Anfield. But Atletico qualified for the knock-out stage after a 3-1 away win at Porto in the final game which saw them finish second ahead of the Portuguese side and AC Milan in the toughest group.

Atletico v Liverpool ratings

  • LIVERPOOL RATINGS: Alisson Becker - 7: The Brazilian did not have a lot to do but he was assured in his handling and sharp off his line when necessary. EPA
    LIVERPOOL RATINGS: Alisson Becker - 7: The Brazilian did not have a lot to do but he was assured in his handling and sharp off his line when necessary. EPA
  • Trent Alexander-Arnold - 8: The 23-year-old set up both goals, the first with a penetrating cross and the second with a miscued shot. He was rarely worried defensively. PA
    Trent Alexander-Arnold - 8: The 23-year-old set up both goals, the first with a penetrating cross and the second with a miscued shot. He was rarely worried defensively. PA
  • Joel Matip - 7: The centre back enjoyed an easy night on his return to the side. His only disappointment was a late, underserved booking. AFP
    Joel Matip - 7: The centre back enjoyed an easy night on his return to the side. His only disappointment was a late, underserved booking. AFP
  • Virgil van Dijk - 7: The Dutchman was in cruise control. He hardly broke sweat and was rarely tested by the Atletico attack. EPA
    Virgil van Dijk - 7: The Dutchman was in cruise control. He hardly broke sweat and was rarely tested by the Atletico attack. EPA
  • Kostas Tsimikas - 7: The Greek was committed, combative and effective up and down the line. He ensured Trippier could not get forward with any frequency. Reuters
    Kostas Tsimikas - 7: The Greek was committed, combative and effective up and down the line. He ensured Trippier could not get forward with any frequency. Reuters
  • Fabinho - 7: The team is so much stronger when the Brazilian is playing. He cut out danger at source and used the ball cleverly. He was replaced by Thiago after an hour as he is being nursed back after injury. EPA
    Fabinho - 7: The team is so much stronger when the Brazilian is playing. He cut out danger at source and used the ball cleverly. He was replaced by Thiago after an hour as he is being nursed back after injury. EPA
  • Jordan Henderson - 8: Fabinho’s return freed the captain to play on the right, a position where he is comfortable. His link play with Alexander-Arnold was excellent. EPA
    Jordan Henderson - 8: Fabinho’s return freed the captain to play on the right, a position where he is comfortable. His link play with Alexander-Arnold was excellent. EPA
  • Alex Oxlade-Chamberlain - 7: The 28-year-old relished his starting role after spending so much time as a substitute. He drove forward and tracked back with energy and came off with 12 minutes left to be replaced by Minamino. PA
    Alex Oxlade-Chamberlain - 7: The 28-year-old relished his starting role after spending so much time as a substitute. He drove forward and tracked back with energy and came off with 12 minutes left to be replaced by Minamino. PA
  • Mohamed Salah - 8: The Egyptian had chances and failed to score. He could have played Jota in on a couple of occasions, too. But that is only half the story. The striker caused Hermoso to pick up a yellow card early on and spread fear and confusion throughout the defence. EPA
    Mohamed Salah - 8: The Egyptian had chances and failed to score. He could have played Jota in on a couple of occasions, too. But that is only half the story. The striker caused Hermoso to pick up a yellow card early on and spread fear and confusion throughout the defence. EPA
  • Diogo Jota - 7: The Portuguese scored a superb header and should have had another when the ball hit his shoulder. He was busy and dangerous. AP
    Diogo Jota - 7: The Portuguese scored a superb header and should have had another when the ball hit his shoulder. He was busy and dangerous. AP
  • Sadio Mane - 8: The Senegalese was targeted by Atletico and punished them with a goal. He also showed a willingness to engage in battle and was replaced at half time by Firmino as a precaution against picking up a second yellow card. PA
    Sadio Mane - 8: The Senegalese was targeted by Atletico and punished them with a goal. He also showed a willingness to engage in battle and was replaced at half time by Firmino as a precaution against picking up a second yellow card. PA
  • SUBS: Roberto Firmino - 7: The Brazilian joined the action for the second half for Mane and enjoyed the space offered by 10 men until he suffered a hamstring injury and had to go off with 12 minutes to go. Replaced by Origi. EPA
    SUBS: Roberto Firmino - 7: The Brazilian joined the action for the second half for Mane and enjoyed the space offered by 10 men until he suffered a hamstring injury and had to go off with 12 minutes to go. Replaced by Origi. EPA
  • Thiago Alcantara - 6: The 30-year-old replaced Fabinho on the hour but did not look sharp after his injury layoff. He was sloppy on the ball but will be better for the runout. AP
    Thiago Alcantara - 6: The 30-year-old replaced Fabinho on the hour but did not look sharp after his injury layoff. He was sloppy on the ball but will be better for the runout. AP
  • Divock Origi - 6: The Belgian came on for Firmino after 78 minutes. He chased the ball, worked hard and showed his strength. AP
    Divock Origi - 6: The Belgian came on for Firmino after 78 minutes. He chased the ball, worked hard and showed his strength. AP
  • Takumi Minamino - 6: The Japanese saw 12 minutes of action after replacing Oxlade-Chamberlain. He kept busy even though the game was dead. Reuters
    Takumi Minamino - 6: The Japanese saw 12 minutes of action after replacing Oxlade-Chamberlain. He kept busy even though the game was dead. Reuters
  • Nathaniel Phillips - 5: The centre back made a brief appearance late in stoppage time for Alexander-Arnold. There was not enough time for him to work up a sweat. Reuters
    Nathaniel Phillips - 5: The centre back made a brief appearance late in stoppage time for Alexander-Arnold. There was not enough time for him to work up a sweat. Reuters
  • ATLETICO MADRID RATINGS: Jan Oblak - 7: The Slovenian was one of the few in his team who could walk away from Anfield with his head held high. He made some good saves and could do nothing about the goals. AFP
    ATLETICO MADRID RATINGS: Jan Oblak - 7: The Slovenian was one of the few in his team who could walk away from Anfield with his head held high. He made some good saves and could do nothing about the goals. AFP
  • Kieran Trippier - 4: The Englishman struggled to get forward and was kept on the back foot by Tsimikas. His distribution was wayward, too. PA
    Kieran Trippier - 4: The Englishman struggled to get forward and was kept on the back foot by Tsimikas. His distribution was wayward, too. PA
  • Felipe - 1: The Brazilian should have done better for both goals and then was foolish enough to provoke the referee into giving him an avoidable red card. A moronic performance. AP
    Felipe - 1: The Brazilian should have done better for both goals and then was foolish enough to provoke the referee into giving him an avoidable red card. A moronic performance. AP
  • Jose Maria Gimenez - 4: The Uruguayan was insecure at the back. When he got forward, he managed to edge offside and cause Suarez’s goal to be disallowed. AFP
    Jose Maria Gimenez - 4: The Uruguayan was insecure at the back. When he got forward, he managed to edge offside and cause Suarez’s goal to be disallowed. AFP
  • Mario Hermoso - 4: The Spaniard was awful in the reverse fixture and was little better at Anfield. He was booked early on, showing that the only way he could deal with Salah was to use brute force. With this option unavailable, his tackling was tentative. AFP
    Mario Hermoso - 4: The Spaniard was awful in the reverse fixture and was little better at Anfield. He was booked early on, showing that the only way he could deal with Salah was to use brute force. With this option unavailable, his tackling was tentative. AFP
  • Koke - 4: As in Madrid, the 29-year-old was anonymous. He was replaced by Matheus Cunha with 21 minutes to go. Reuters
    Koke - 4: As in Madrid, the 29-year-old was anonymous. He was replaced by Matheus Cunha with 21 minutes to go. Reuters
  • Rodrigo De Paul - 4: The Argentinian showed glimpses of skill with the odd precise pass but he was unable to gain any control in midfield. He was often bypassed by Liverpool's quick breaks. PA
    Rodrigo De Paul - 4: The Argentinian showed glimpses of skill with the odd precise pass but he was unable to gain any control in midfield. He was often bypassed by Liverpool's quick breaks. PA
  • Angel Correa - 4: The Argentinian worked hard but to scant effect. He was always a step or two behind the Liverpool runners. He was replaced by Serrano with 15 minutes left. EPA
    Angel Correa - 4: The Argentinian worked hard but to scant effect. He was always a step or two behind the Liverpool runners. He was replaced by Serrano with 15 minutes left. EPA
  • Yannick Carrasco - 5: The Belgian provided his team’s biggest threat and he was hardly impressive. He was taken off for Vrsaljko with 21 minutes left. Reuters
    Yannick Carrasco - 5: The Belgian provided his team’s biggest threat and he was hardly impressive. He was taken off for Vrsaljko with 21 minutes left. Reuters
  • Joao Felix - 3: The Portuguese worried Liverpool in Madrid but his passing was dreadful last night. It looked as if he and Suarez were playing together for the first time. He was withdrawn for Renan Lodi just before the hour. AP
    Joao Felix - 3: The Portuguese worried Liverpool in Madrid but his passing was dreadful last night. It looked as if he and Suarez were playing together for the first time. He was withdrawn for Renan Lodi just before the hour. AP
  • Luis Suarez - 3: The former Liverpool hero was booed relentlessly and rarely had any impact on the game. He thought he had pulled a goal back but it was ruled out for outside and moments later he was replaced by Herrera. EPA
    Luis Suarez - 3: The former Liverpool hero was booed relentlessly and rarely had any impact on the game. He thought he had pulled a goal back but it was ruled out for outside and moments later he was replaced by Herrera. EPA
  • SUBS: Hector Herrera - 3: The Mexican came on for Suarez with 31 minutes left. He wasted his team’s best chance by dwelling on the ball and then shooting wide. AP
    SUBS: Hector Herrera - 3: The Mexican came on for Suarez with 31 minutes left. He wasted his team’s best chance by dwelling on the ball and then shooting wide. AP
  • Renan Lodi - 5: The left back replaced Joao Felix in 59th minute. The defence looked more solid after his arrival but by then Liverpool had largely stopped trying. AP
    Renan Lodi - 5: The left back replaced Joao Felix in 59th minute. The defence looked more solid after his arrival but by then Liverpool had largely stopped trying. AP
  • Matheus Cunha - 4: The 22-year-old joined the action in place of Koke with 21 minutes left. There was nothing he could do to change the direction of the match. AP
    Matheus Cunha - 4: The 22-year-old joined the action in place of Koke with 21 minutes left. There was nothing he could do to change the direction of the match. AP
  • Sime Vrsaljko - 4: The Croat came on for Carrasco in the 69th minute and made little impression in his time on the pitch. AFP
    Sime Vrsaljko - 4: The Croat came on for Carrasco in the 69th minute and made little impression in his time on the pitch. AFP
  • Javi Serrano - 4: The 18-year-old entered the game in the 75th minute for Correa and saw little of the ball. Getty
    Javi Serrano - 4: The 18-year-old entered the game in the 75th minute for Correa and saw little of the ball. Getty

The United game is a big one, the only chance both teams have of silverware this season.

Atletico fans are frustrated and Simeone not being Atleti boss is even talked about among fans: “United isn’t as daunting as Bayern Munich who we were originally drawn against [in a bungled draw], but we’re not nearly at the same level as last season,” says Robertson. “The team blows hot and cold; one great performance followed by a disappointing one. Surprisingly we’re shipping a lot of goals. Considering we’ve had one of the best defensive records in Europe since Simeone arrived, this is worrying. We’ve had a lot of injuries to key players but that’s always the easy excuse. Something isn’t clicking.”

Simeone, 51 and under contract until 2024, has stayed where he’s loved for so long – and he’s not felt that way in his homeland.

“I did an interview with an Argentinian newspaper,” he said after his early successes at Atletico. “We’d won the Europa League, the Super Cup. We were second in the league. I had a look at the comments on the web by the article. I never normally do that, but it was time to ruin the day. Of the first 10 comments, eight were negative. That’s why you ask: ‘Why are Argentines so unfair?”

“Simeone is a legend,” says Robertson. “He’s given the club a stability we could never have imagined. He’s our Fergie [Sir Alex Ferguson]. I’m not so blinded as not to see his tactics are not always, let’s say, strictly fair play, and as a fan it’s often been frustrating to see Atleti shut up shop when you know the team is capable of more, but his methods have taken the club from mediocrity to rubbing shoulders with the best in Europe year after year.”

The tie against United is a huge one for both teams but at least millions will be able to watch around the world. The last time the club’s met in Madrid, Atletico’s former – and controversial - club president Jesus Gil infamously pulled the plug on the TV cameras an hour before kick off after a dispute.

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

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Updated: February 24, 2022, 6:03 AM