World Cup hosts Qatar will stage the 2023 Asian Cup, the Asian Football Confederation said on Monday, after China withdrew earlier this year because of Covid.
China in June 2019 won the bid to host the event but pulled out in May because of its "zero-Covid" policy, leaving the AFC scrambling to find a new host for its flagship men's 24-team football tournament.
The tournament had been due to be held in 10 Chinese cities from June 16 to July 16 next year.
South Korea and Indonesia were the other two countries in the running after China's withdrawal, but Qatar got the nod.
"The Asian Football Confederation (AFC) executive committee has today confirmed the Qatar Football Association (QFA) as the host association for the AFC Asian Cup 2023," the Malaysia-based AFC said in a statement.
The AFC did not give dates for the Asian Cup. It also said its executive committee has shortlisted India and Saudi Arabia for the 2027 Asian Cup.
AFC president Shaikh Salman bin Ebrahim Al Khalifa said Qatar is ready to put on the event despite the short lead time to prepare. It will also host the World Cup starting next month.
The AFC chief hailed Qatar's "existing world-class infrastructure and unrivalled hosting capabilities".
"Qatar's capabilities and track record in hosting major international sporting events and their meticulous attention to detail are well admired throughout the globe," he said.
"I must also commend the AFC for showcasing utmost professionalism in conducting a fair and transparent expedited bidding process and I thank all our commercial partners and sponsors for their patience during these unprecedented times."
Qatar's World Cup stadiums
The Asian Cup is staged every four years. Qatar won the tournament's last edition, in 2019, which was hosted by the UAE. Qatar hosted the 1988 and 2011 editions.
South Korea jointly held the men's 2002 World Cup with Japan, but has not staged the Asian Cup since 1960.
Indonesia held matches at the 2007 Asian Cup along with Malaysia, Thailand and Vietnam.
But earlier this month Indonesia was struck by a deadly football tragedy that has become one of the world's worst stadium disasters, with experts raising doubts about its capability to host major international events.
At least 131 people died and hundreds were injured in the disaster in an overcrowded stadium in Malang in East Java.
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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
Expo details
Expo 2020 Dubai will be the first World Expo to be held in the Middle East, Africa and South Asia
The world fair will run for six months from October 20, 2020 to April 10, 2021.
It is expected to attract 25 million visits
Some 70 per cent visitors are projected to come from outside the UAE, the largest proportion of international visitors in the 167-year history of World Expos.
More than 30,000 volunteers are required for Expo 2020
The site covers a total of 4.38 sqkm, including a 2 sqkm gated area
It is located adjacent to Al Maktoum International Airport in Dubai South
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