• Inter Milan's Romelu Lukaku celebrates scoring in the 1-0 Champions League round of 16 first-leg win against Porto at the San Siro on February 22, 2023. Reuters
    Inter Milan's Romelu Lukaku celebrates scoring in the 1-0 Champions League round of 16 first-leg win against Porto at the San Siro on February 22, 2023. Reuters
  • Romelu Lukaku celebrates scoring the winner with teammates. Reuters
    Romelu Lukaku celebrates scoring the winner with teammates. Reuters
  • Porto's Otavio is shown a red card by referee Srdjan Jovanovic after receiving two yellows. Reuters
    Porto's Otavio is shown a red card by referee Srdjan Jovanovic after receiving two yellows. Reuters
  • Porto's Otavio argues with Inter players. AP
    Porto's Otavio argues with Inter players. AP
  • Inter defender Matteo Darmian and Porto's Pepe battle for the ball. AFP
    Inter defender Matteo Darmian and Porto's Pepe battle for the ball. AFP
  • Inter Milan coach Simone Inzaghi clashes with Porto's Pepe and Ivan Marcano. Reuters
    Inter Milan coach Simone Inzaghi clashes with Porto's Pepe and Ivan Marcano. Reuters
  • Inter goalkeeper Andre Onana and Porto's Galeno reach for the ball. AP
    Inter goalkeeper Andre Onana and Porto's Galeno reach for the ball. AP
  • Inter Milan's Federico Dimarco lies on the pitch. AP
    Inter Milan's Federico Dimarco lies on the pitch. AP
  • Inter's Romelu Lukaku comes on as a substitute to replace Edin Dzeko. Reuters
    Inter's Romelu Lukaku comes on as a substitute to replace Edin Dzeko. Reuters
  • Inter's Lautaro Martinez with Porto's Pepe. AP
    Inter's Lautaro Martinez with Porto's Pepe. AP
  • Inter's Romelu Lukaku. Reuters
    Inter's Romelu Lukaku. Reuters

Romelu Lukaku scores to give Inter Milan edge over Porto in Champions League


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Romelu Lukaku scored the only goal of the game as Inter Milan defeated Porto in their Champions League last-16 first-leg on Wednesday.

Belgium forward Lukaku struck with four minutes remaining on the rebound from his own header to decide an absorbing encounter at the San Siro as Inter look to reach their first European Cup quarter-final in more than a decade.

Simone Inzaghi's side travel to Portugal next month to decide who will go through to the last eight thanks to Lukaku's second goal in as many games in all competitions.

The 29-year-old, who has struggled with injury all season, struck his first league goal since August at the weekend and came off the bench to ensure Inter will have a lead to protect in the second leg as they seek a first quarter-final tie since 2011.

Lukaku stuck as Sergio Conceicao's Porto were playing the final portion of the match with 10 men after key midfielder Otavio, in his first appearance since the start of February, was sent-off in the 78th minute for two bookable offences.

The Portuguese champions have been a bogey side to Italian teams in recent seasons but will now have to turn the score around if they are to add to the series of Serie A scalps which include Juventus and Roma.

Inter should have been ahead in the 13th minute when Federico Dimarco found Lautaro Martinez with a deep cross, but the Argentina striker sent his header way over the bar.

Five minutes later Hakan Calhanoglu forced a fantastic save from Diogo Costa, the Turkey international playing a one-two from his own corner and whipping a beautifully struck effort shot which nearly went in at the near post.

However it was Porto who wasted the best chance of a niggly half in the 37th minute after a lovely team move, their first decent attack of the match.

From Otavio's pass Mehdi Taremi played the perfect layoff to Marko Grujic, who should have done better in front of Andre Onana before Wenderson Galeno headed wide with the goal gaping.

Costa then made sure that the teams would go into the break level with another superb stop, this time reacting brilliantly to keep out Alessandro Bastoni's flicked header from Dimarco's inswinging free-kick.

Barella flicked just wide before Porto missed two more great chances to take the lead.

In the 54th minute, Terami shot weakly at Onana at the end of a lightning break led by his striker partner Pepe, and then three minutes later Onana twice save Inter's bacon in the space of seconds.

Milan Skriniar did well to block Zaidu's low shot before former Cameroon goalkeeper Onana grasped at the Porto left-back's second effort and then recovered in time to stop what looked like a certain Taremi goal.

Lukaku almost immediately replaced the disappointing Edin Dzeko and in he 72nd minute the Belgium striker almost laid on the opener for Martinez, who just couldn't quite meet an inviting low cross as he slid into the six-yard box.

Just as the match looked destined for a goalless draw, Lukaku headed Nicolo Barella's cross against the post before slotting in the winner on the rebound.

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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

Updated: February 22, 2023, 10:39 PM