• NEWCASTLE RATINGS: Karl Darlow - 7: First contribution to game was to pick the ball out of the net after Raphinha’s fine 17th-minute finish. No chance with two excellent Leeds goals. Got down well to save when Roberts got finest of touches on Raphinha cross and forced into good stop to prevent Schar own goal late on. Getty
    NEWCASTLE RATINGS: Karl Darlow - 7: First contribution to game was to pick the ball out of the net after Raphinha’s fine 17th-minute finish. No chance with two excellent Leeds goals. Got down well to save when Roberts got finest of touches on Raphinha cross and forced into good stop to prevent Schar own goal late on. Getty
  • Isaac Hayden - 7: Central midfielder playing in unfamiliar right-back role and more than held his own. Usual no nonsense tackling, although will be disappointed Harrison found so much space in the box before scoring winner – although was more down to Murphy switching off. EPA
    Isaac Hayden - 7: Central midfielder playing in unfamiliar right-back role and more than held his own. Usual no nonsense tackling, although will be disappointed Harrison found so much space in the box before scoring winner – although was more down to Murphy switching off. EPA
  • Jamaal Lascelles - 7: Centre-back turned out to be Newcastle's biggest attacking threat. Headed chance wide from Shelvey corner after 20 minutes, although slip almost let in Leeds a few minutes later. Important block on Dallas’ goal-bound strike at start of second half then headed another chance side soon after. Clipped top of bar with header from another Shelvey corner. Getty
    Jamaal Lascelles - 7: Centre-back turned out to be Newcastle's biggest attacking threat. Headed chance wide from Shelvey corner after 20 minutes, although slip almost let in Leeds a few minutes later. Important block on Dallas’ goal-bound strike at start of second half then headed another chance side soon after. Clipped top of bar with header from another Shelvey corner. Getty
  • Fabian Schar - 6: Looked like a return of old shoulder problem after collision with Dallas in first two minutes but recovered to continue in the centre of Newcastle’s defence. Helped keep Bamford quiet, so much so that the striker was taken off on the hour. Fine run and shot well saved by Meslier in last 10 minutes but also needed decent Darlow stop to prevent headed own goal. Booked for exchange of handbags with Rodrigo. AFP
    Fabian Schar - 6: Looked like a return of old shoulder problem after collision with Dallas in first two minutes but recovered to continue in the centre of Newcastle’s defence. Helped keep Bamford quiet, so much so that the striker was taken off on the hour. Fine run and shot well saved by Meslier in last 10 minutes but also needed decent Darlow stop to prevent headed own goal. Booked for exchange of handbags with Rodrigo. AFP
  • Jamal Lewis - 5: A couple of forays forward in first half but, like most of his colleagues, the left-back looks short of confidence. Should have scored when set up by Saint-Maximin after break but failed to hit target. EPA
    Jamal Lewis - 5: A couple of forays forward in first half but, like most of his colleagues, the left-back looks short of confidence. Should have scored when set up by Saint-Maximin after break but failed to hit target. EPA
  • Jacob Murphy - 5: Caught in possession near halfway line that allowed Leeds to counter-attack and open the scoring. Decent ball into box found Fraser but Scot couldn’t keep shot down in first half. Switched off and left Hayden with two players as Harrison put Leeds back in front. Then curled a chance wide after being set up by Almiron, before being taken off. AFP
    Jacob Murphy - 5: Caught in possession near halfway line that allowed Leeds to counter-attack and open the scoring. Decent ball into box found Fraser but Scot couldn’t keep shot down in first half. Switched off and left Hayden with two players as Harrison put Leeds back in front. Then curled a chance wide after being set up by Almiron, before being taken off. AFP
  • Jonjo Shelvey - 6: Dragged the first shot of game well wide from outside of box after six minutes, then attempted ludicrous 30-yard free-kick that drifted harmlessly over bar just after half hour. Picked out Lascelles with a couple of corners but captain couldn’t find the target. Involved in move for Magpies' goal and saw own header saved by Meslier with 15 minutes left. AFP
    Jonjo Shelvey - 6: Dragged the first shot of game well wide from outside of box after six minutes, then attempted ludicrous 30-yard free-kick that drifted harmlessly over bar just after half hour. Picked out Lascelles with a couple of corners but captain couldn’t find the target. Involved in move for Magpies' goal and saw own header saved by Meslier with 15 minutes left. AFP
  • Jeff Hendrick - 4: Really struggling to make any sort of impact at Newcastle. Anonymous first half, same story in the second. Bringing nothing to the table at the minute. Getty
    Jeff Hendrick - 4: Really struggling to make any sort of impact at Newcastle. Anonymous first half, same story in the second. Bringing nothing to the table at the minute. Getty
  • Miguel Almiron - 7: Genuinely forgot the Paraguayan was playing in opening 45. But turned up after break and had Newcastle’s first shot on target after 53 minutes but strike was straight at keeper, then levelled for Magpies soon after following good work from Shelvey and Wilson. AP
    Miguel Almiron - 7: Genuinely forgot the Paraguayan was playing in opening 45. But turned up after break and had Newcastle’s first shot on target after 53 minutes but strike was straight at keeper, then levelled for Magpies soon after following good work from Shelvey and Wilson. AP
  • Ryan Fraser - 5: Barely figured in the action until 32 minutes when his dangerous cross into box from the left proved just too long for Murphy. Fired over with first-time shot six minutes later after low Murphy ball into box. Not enough attacking threat from the Bournemouth man who buzzes around with promise but generally flatters to deceive. AFP
    Ryan Fraser - 5: Barely figured in the action until 32 minutes when his dangerous cross into box from the left proved just too long for Murphy. Fired over with first-time shot six minutes later after low Murphy ball into box. Not enough attacking threat from the Bournemouth man who buzzes around with promise but generally flatters to deceive. AFP
  • Callum Wilson - 6: Often isolated with little or no service in what is becoming a familiar story for the former Bournemouth striker. No chances, no shots on goal and his drought continues with Wilson's last goal coming on December 19. Supplied good pass for Almiron goal. PA
    Callum Wilson - 6: Often isolated with little or no service in what is becoming a familiar story for the former Bournemouth striker. No chances, no shots on goal and his drought continues with Wilson's last goal coming on December 19. Supplied good pass for Almiron goal. PA
  • SUBS: Allan Saint-Maximin – (On for Murphy 64’) 7: Straight into action with great turn and ball into Lewis who should have at least hit the target. Showed what Newcastle have been desperately missing. Reuters
    SUBS: Allan Saint-Maximin – (On for Murphy 64’) 7: Straight into action with great turn and ball into Lewis who should have at least hit the target. Showed what Newcastle have been desperately missing. Reuters
  • Dwight Gayle – (On for Fraser 77’) N/A: Wasted one free-kick by firing high and wide from good position. Reuters
    Dwight Gayle – (On for Fraser 77’) N/A: Wasted one free-kick by firing high and wide from good position. Reuters
  • LEEDS RATINGS: Illan Meslier - 7: Absolutely nothing to do first half, bar looking a bit shaky on crosses and taking a knee to face from Murphy. Got hand to Almiron goal but couldn’t keep strike out. Turned Shelvey header over bar and saved well from Schar in second half. EPA
    LEEDS RATINGS: Illan Meslier - 7: Absolutely nothing to do first half, bar looking a bit shaky on crosses and taking a knee to face from Murphy. Got hand to Almiron goal but couldn’t keep strike out. Turned Shelvey header over bar and saved well from Schar in second half. EPA
  • Luke Ayling - 6: Easily kept Fraser quiet and the former Bournemouth winger was hooked in second half. Found the tricks and turns of Saint-Maximin a whole different ball game. Reuters
    Luke Ayling - 6: Easily kept Fraser quiet and the former Bournemouth winger was hooked in second half. Found the tricks and turns of Saint-Maximin a whole different ball game. Reuters
  • Liam Cooper - 6: Out-muscled by Lascelles on corner after 20 minutes but did enough to put off Newcastle captain who headed wide. Gifted possession to Newcastle just after break and was relieved to see Almiron hit weak shot straight at Meslier. Almost caught out by Lascelles long ball in last 10 minutes but pass just out of Wilson’s reach. AFP
    Liam Cooper - 6: Out-muscled by Lascelles on corner after 20 minutes but did enough to put off Newcastle captain who headed wide. Gifted possession to Newcastle just after break and was relieved to see Almiron hit weak shot straight at Meslier. Almost caught out by Lascelles long ball in last 10 minutes but pass just out of Wilson’s reach. AFP
  • Diego Llorente – N/A: Injury nightmare continues for Spaniard. Limped off in first 10 minutes in only second league appearance of season. AFP
    Diego Llorente – N/A: Injury nightmare continues for Spaniard. Limped off in first 10 minutes in only second league appearance of season. AFP
  • Ezgjan Alioski - 6: Macedonian left-back coped relatively comfortably with Murphy’s attacks. Was frustrated to be booked for deliberate handball after break when Murphy did threaten to get away. Hooked soon after. EPA
    Ezgjan Alioski - 6: Macedonian left-back coped relatively comfortably with Murphy’s attacks. Was frustrated to be booked for deliberate handball after break when Murphy did threaten to get away. Hooked soon after. EPA
  • Stuart Dallas - 7: Lovely dink over to far post to Harrison who made right hash of volley after 10 minutes. Good driving run down right and cross just before half-time but no one was on end of it. Nearly scored just after break but shot was blocked by Lascelles and ball rebounded off his arm and into the net before being disallowed. AP
    Stuart Dallas - 7: Lovely dink over to far post to Harrison who made right hash of volley after 10 minutes. Good driving run down right and cross just before half-time but no one was on end of it. Nearly scored just after break but shot was blocked by Lascelles and ball rebounded off his arm and into the net before being disallowed. AP
  • Kalvin Phillips - 7: As usual, kept things simple in middle of park although not up against the most dynamic of opposition midfielders in Shelvey and Hendrick. Life was made more difficult when Saint-Maximin appeared. Getty
    Kalvin Phillips - 7: As usual, kept things simple in middle of park although not up against the most dynamic of opposition midfielders in Shelvey and Hendrick. Life was made more difficult when Saint-Maximin appeared. Getty
  • Rodrigo Moreno - 7: Good ball across box found Raphinha who opened the scoring. Missed chance to make it 2-0 moments after Raphinha hit the post. Good link-up with his Brazilian teammate. Booked after late spat with Schar. Getty
    Rodrigo Moreno - 7: Good ball across box found Raphinha who opened the scoring. Missed chance to make it 2-0 moments after Raphinha hit the post. Good link-up with his Brazilian teammate. Booked after late spat with Schar. Getty
  • Jack Harrison - 7: Handed great chance by Dallas but completely fluffed volley inside of area after 13 minutes. Given all the time in the world to put Leeds back in front with excellent finish just after hour mark. AFP
    Jack Harrison - 7: Handed great chance by Dallas but completely fluffed volley inside of area after 13 minutes. Given all the time in the world to put Leeds back in front with excellent finish just after hour mark. AFP
  • Raphinha - 8: Calm left-footed finish into bottom corner to puts Leeds in front and score their first goal of 2021. Struck near-post from narrow angle just before half-time. Wonderful pass to Harrison for winner. Man of the Match. EPA
    Raphinha - 8: Calm left-footed finish into bottom corner to puts Leeds in front and score their first goal of 2021. Struck near-post from narrow angle just before half-time. Wonderful pass to Harrison for winner. Man of the Match. EPA
  • Patrick Bamford - 5: Involved in build-up for opening goal but his first chance didn’t arise until injury time in opening half when he failed to connect with cross into box and sent header wide. Quiet game from former Middlesbrough player. EPA
    Patrick Bamford - 5: Involved in build-up for opening goal but his first chance didn’t arise until injury time in opening half when he failed to connect with cross into box and sent header wide. Quiet game from former Middlesbrough player. EPA
  • SUBS: Pascal Struijk – (On for Llorente 10’) 7: Early call for the Dutch defender after the luckless Llorente’s latest inury blow. Little problem dealing with Newcastle in first half although put under more pressure after break. PA
    SUBS: Pascal Struijk – (On for Llorente 10’) 7: Early call for the Dutch defender after the luckless Llorente’s latest inury blow. Little problem dealing with Newcastle in first half although put under more pressure after break. PA
  • Mateusz Klich – (On for Alioski 56’) 6: Shot deflected wide in last minute. Getty
    Mateusz Klich – (On for Alioski 56’) 6: Shot deflected wide in last minute. Getty
  • Tyler Roberts – (On for Bamford 60’) 6: Would have scored if he got proper touch on Raphinha cross but Darlow was able to save. AP
    Tyler Roberts – (On for Bamford 60’) 6: Would have scored if he got proper touch on Raphinha cross but Darlow was able to save. AP

Jeff Hendrick 4, Miguel Almiron 7; Raphinha 8, Patrick Bamford 5: Newcastle United v Leeds United player ratings


  • English
  • Arabic

Leeds United wingers Raphinha and Jack Harrison secured a 2-1 win at Newcastle United on Tuesday, piling more pressure on Magpies manager Steve Bruce after the north-east club's poor Premier League run stretched to nine games without a win.

With seven defeats in those nine, the result left Newcastle 16th on 19 points from 20 games, seven points above the drop zone, while Leeds stayed 12th on 26 points from 19 matches after ending their three-game winless streak in all competitions.

Leeds also failed to score during that run and Harrison pointed out that manager Marcelo Bielsa had asked his side to show grit against Newcastle, who seem to be heading into a relegation battle after another poor performance.

"The manager talks about having personality and character and we went into this game with a lot of fire," said Harrison.

"We knew it was going to be a challenge. We'd been preparing all week for this and we had to come out strong which we did. We'll keep our heads down and keep working hard game-by-game."

Brazilian Raphinha fired Leeds ahead in the 17th minute when he sidefooted a clinical finish into the bottom right corner after a fine build-up, as Patrick Bamford and Rodrigo carved open the Newcastle defence.

The home side lacked any bite up front and were fortunate not to be trailing by more goals in the first half but they equalised out of the blue in the 57th minute as Miguel Almiron burst forward and steered a low shot past goalkeeper Illan Meslier.

Leeds had lost the ball in the danger zone and Jonjo Shelvey took advantage as he fed Callum Wilson, who in turn released fellow forward Almiron to sidefoot home as Meslier got a hand to the ball but could not keep it out.

Newcastle's joy was short-lived, however, and they fell behind again four minutes later when Harrison was given time and space on the left to take Raphinha's pass into his stride and volley past keeper Karl Darlow into the far corner.

Newcastle pressed in the closing stages and missed several chances to salvage a point, with Meslier pulling off two good saves to deny Shelvey and Fabian Schar.

The beleaguered Magpies are now without a win in 11 games in all competitions, having taken only two points from the last 27.

"That's the best we've played in weeks," said Bruce after the match. "It was good to see the forward players on the pitch to make that possible for us, what a difference if we keep Ryan Fraser right – and Miguel Almiron – then we know we are going to be that threat.

"I don't think I've started them yet all season. I was more pleased with the performance but obviously disappointed that we didn't take something from the game."

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
Iftar programme at the Sheikh Mohammed Centre for Cultural Understanding

Established in 1998, the Sheikh Mohammed Centre for Cultural Understanding was created with a vision to teach residents about the traditions and customs of the UAE. Its motto is ‘open doors, open minds’. All year-round, visitors can sign up for a traditional Emirati breakfast, lunch or dinner meal, as well as a range of walking tours, including ones to sites such as the Jumeirah Mosque or Al Fahidi Historical Neighbourhood.

Every year during Ramadan, an iftar programme is rolled out. This allows guests to break their fast with the centre’s presenters, visit a nearby mosque and observe their guides while they pray. These events last for about two hours and are open to the public, or can be booked for a private event.

Until the end of Ramadan, the iftar events take place from 7pm until 9pm, from Saturday to Thursday. Advanced booking is required.

For more details, email openminds@cultures.ae or visit www.cultures.ae

 

High profile Al Shabab attacks
  • 2010: A restaurant attack in Kampala Uganda kills 74 people watching a Fifa World Cup final football match.
  • 2013: The Westgate shopping mall attack, 62 civilians, five Kenyan soldiers and four gunmen are killed.
  • 2014: A series of bombings and shootings across Kenya sees scores of civilians killed.
  • 2015: Four gunmen attack Garissa University College in northeastern Kenya and take over 700 students hostage, killing those who identified as Christian; 148 die and 79 more are injured.
  • 2016: An attack on a Kenyan military base in El Adde Somalia kills 180 soldiers.
  • 2017: A suicide truck bombing outside the Safari Hotel in Mogadishu kills 587 people and destroys several city blocks, making it the deadliest attack by the group and the worst in Somalia’s history.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

((Disclaimer))

The Liechtensteinische Landesbank AG (“Bank”) assumes no liability or guarantee for the accuracy, balance, or completeness of the information in this publication. The content may change at any time due to given circumstances, and the Liechtensteinische Landesbank AG is under no obligation to update information once it has been published. This publication is intended for information purposes only and does not constitute an offer, a recommendation or an invitation by, or on behalf of, Liechtensteinische Landesbank (DIFC Branch), Liechtensteinische Landesbank AG, or any of its group affiliates to make any investments or obtain services. This publication has not been reviewed, disapproved or approved by the United Arab Emirates (“UAE”) Central Bank, Dubai Financial Services Authority (“DFSA”) or any other relevant licensing authorities in the UAE. It may not be relied upon by or distributed to retail clients. Liechtensteinische Landesbank (DIFC Branch) is regulated by the DFSA and this advertorial is intended for Professional Clients (as defined by the DFSA) who have sufficient financial experience and understanding of financial markets, products or transactions and any associated risks.

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How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
The details

Heard It in a Past Life

Maggie Rogers

(Capital Records)

3/5

If you go

 

  • The nearest international airport to the start of the Chuysky Trakt is in Novosibirsk. Emirates (www.emirates.com) offer codeshare flights with S7 Airlines (www.s7.ru) via Moscow for US$5,300 (Dh19,467) return including taxes. Cheaper flights are available on Flydubai and Air Astana or Aeroflot combination, flying via Astana in Kazakhstan or Moscow. Economy class tickets are available for US$650 (Dh2,400).
  • The Double Tree by Hilton in Novosibirsk ( 7 383 2230100,) has double rooms from US$60 (Dh220). You can rent cabins at camp grounds or rooms in guesthouses in the towns for around US$25 (Dh90).
  • The transport Minibuses run along the Chuysky Trakt but if you want to stop for sightseeing, hire a taxi from Gorno-Altaisk for about US$100 (Dh360) a day. Take a Russian phrasebook or download a translation app. Tour companies such as  Altair-Tour ( 7 383 2125115 ) offer hiking and adventure packages.
The specs

Engine: 2.9-litre, V6 twin-turbo

Transmission: seven-speed PDK dual clutch automatic

Power: 375bhp

Torque: 520Nm

Price: Dh332,800

On sale: now

Coffee: black death or elixir of life?

It is among the greatest health debates of our time; splashed across newspapers with contradicting headlines - is coffee good for you or not?

Depending on what you read, it is either a cancer-causing, sleep-depriving, stomach ulcer-inducing black death or the secret to long life, cutting the chance of stroke, diabetes and cancer.

The latest research - a study of 8,412 people across the UK who each underwent an MRI heart scan - is intended to put to bed (caffeine allowing) conflicting reports of the pros and cons of consumption.

The study, funded by the British Heart Foundation, contradicted previous findings that it stiffens arteries, putting pressure on the heart and increasing the likelihood of a heart attack or stroke, leading to warnings to cut down.

Numerous studies have recognised the benefits of coffee in cutting oral and esophageal cancer, the risk of a stroke and cirrhosis of the liver. 

The benefits are often linked to biologically active compounds including caffeine, flavonoids, lignans, and other polyphenols, which benefit the body. These and othetr coffee compounds regulate genes involved in DNA repair, have anti-inflammatory properties and are associated with lower risk of insulin resistance, which is linked to type-2 diabetes.

But as doctors warn, too much of anything is inadvisable. The British Heart Foundation found the heaviest coffee drinkers in the study were most likely to be men who smoked and drank alcohol regularly.

Excessive amounts of coffee also unsettle the stomach causing or contributing to stomach ulcers. It also stains the teeth over time, hampers absorption of minerals and vitamins like zinc and iron.

It also raises blood pressure, which is largely problematic for people with existing conditions.

So the heaviest drinkers of the black stuff - some in the study had up to 25 cups per day - may want to rein it in.

Rory Reynolds

ABU%20DHABI'S%20KEY%20TOURISM%20GOALS%3A%20BY%20THE%20NUMBERS
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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

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

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The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

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On sale: Now

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Dunki
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Race card

6.30pm: Emirates Holidays Maiden (TB), Dh82,500 (Dirt), 1,900m
7.05pm: Arabian Adventures Maiden (TB), Dh82,500 (D), 1,200m
7.40pm: Emirates Skywards Handicap (TB), Dh82,500 (D), 1,200m
8.15pm: Emirates Airline Conditions (TB), Dh120,000 (D), 1,400m
8.50pm: Emirates Sky Cargo (TB), Dh92,500 (D)1,400m
9.15pm: Emirates.com (TB), Dh95,000 (D), 2,000m

Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

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