Liverpool's Egyptian midfielder Mohamed Salah (C) and Leipzig's Korean forward Hwang Hee-chan (L) vie for the ball. AFP
Liverpool's Egyptian midfielder Mohamed Salah (C) and Leipzig's Korean forward Hwang Hee-chan (L) vie for the ball. AFP
Liverpool's Egyptian midfielder Mohamed Salah (C) and Leipzig's Korean forward Hwang Hee-chan (L) vie for the ball. AFP
Liverpool's Egyptian midfielder Mohamed Salah (C) and Leipzig's Korean forward Hwang Hee-chan (L) vie for the ball. AFP

Liverpool seize control over RB Leipzig in Budapest


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Liverpool seized the initiative against RB Leipzig in the first leg of their Champions League last-16 clash by cruising to a 2-0 win in a chilly Budapest on Tuesday.

Clinical early second-half strikes from Mohamed Salah and Sadio Mane, both courtesy of dreadful defensive errors, proved decisive and left the German side facing a formidable task in the return leg at Anfield on March 10.

The win moves Jurgen Klopp's men to the brink of the Champions League quarter-finals and ends a run of three straight defeats that left the English champions 13 points behind leaders Manchester City in the Premier League.

The first leg was moved from Leipzig to the Hungarian capital because of Germany's strict Covid-19 travel restrictions.

Despite the move, Leipzig coach Julian Nagelsmann's side started briskly and almost went ahead four minutes in.

Marauding left-back Angelino teed up fellow Spaniard Dani Olmo for a close-range diving header past Alisson Becker but it rattled the post.

Soon after Angelino again exploited space on the left but his left-footed volley skewed harmlessly across the goal mouth.

But it was Liverpool, trying to reverse their slump and badly in need of a Champions League lift, who gradually created more chances, often benefitting from loose defending.

First Salah, busy throughout, forced a block from Leipzig's Hungarian goalkeeper Peter Gulacsi on the quarter hour.

Ten minutes later Mane, outjumping Nordi Mukiele, headed a Firmino cross just over after the Brazilian striker and Salah combined well on the right.

Shortly before half-time, Andy Robertson shaved the crossbar when his lob from distance almost caught out the Budapest-born Gulacsi dashing back after making a clearance outside his box.

Although Leipzig perked up on the restart with Alisson saving from Christopher Nkunku, the German side were made to pay for two calamitous mistakes early in the second half.

In the 53rd minute, Salah pounced on a sloppy back-pass by Austrian midfielder Marcel Sabitzer and ran unchallenged to smoothly slot past Gulacsi.

Five minutes later, Mane doubled Liverpool's lead in similar fashion, smartly finishing after Mukiele had scuffed a clearance.

With Swedish playmaker Emil Forsberg sidelined by a knee injury and lacking a talismanic goalscorer, Leipzig looked unlikely to pull one back.

Instead, Liverpool cruised to victory, keeping alive their hopes of silverware through Champions League glory this season.

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

Match info

Bournemouth 1 (King 45 1')
Arsenal 2 (Lerma 30' og, Aubameyang 67')

Man of the Match: Sead Kolasinac (Arsenal)

Match info

Arsenal 0

Manchester City 2
Sterling (14'), Bernardo Silva (64')

The biog

Favourite Emirati dish: Fish machboos

Favourite spice: Cumin

Family: mother, three sisters, three brothers and a two-year-old daughter

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EGrowdash%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJuly%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3ESean%20Trevaskis%20and%20Enver%20Sorkun%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%2C%20UAE%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3ERestaurant%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%20so%20far%3A%3C%2Fstrong%3E%20%24750%2C000%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Plus%20VC%2C%20Judah%20VC%2C%20TPN%20Investments%20and%20angel%20investors%2C%20including%20former%20Talabat%20chief%20executive%20Abdulhamid%20Alomar%2C%20and%20entrepreneur%20Zeid%20Husban%3C%2Fp%3E%0A
Fixtures

Sunday, December 8, Sharjah Cricket Stadium – UAE v USA

Monday, December 9, Sharjah Cricket Stadium – USA v Scotland

Wednesday, December 11, Sharjah Cricket Stadium – UAE v Scotland

Thursday, December 12, ICC Academy, Dubai – UAE v USA

Saturday, December 14, ICC Academy, Dubai – USA v Scotland

Sunday, December 15, ICC Academy, Dubai – UAE v Scotland

Note: All matches start at 10am, admission is free

Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.

Based: Riyadh

Offices: UAE, Vietnam and Germany

Founded: September, 2020

Number of employees: 70

Sector: FinTech, online payment solutions

Funding to date: $116m in two funding rounds  

Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices

UAE currency: the story behind the money in your pockets
Dates for the diary

To mark Bodytree’s 10th anniversary, the coming season will be filled with celebratory activities:

  • September 21 Anyone interested in becoming a certified yoga instructor can sign up for a 250-hour course in Yoga Teacher Training with Jacquelene Sadek. It begins on September 21 and will take place over the course of six weekends.
  • October 18 to 21 International yoga instructor, Yogi Nora, will be visiting Bodytree and offering classes.
  • October 26 to November 4 International pilates instructor Courtney Miller will be on hand at the studio, offering classes.
  • November 9 Bodytree is hosting a party to celebrate turning 10, and everyone is invited. Expect a day full of free classes on the grounds of the studio.
  • December 11 Yogeswari, an advanced certified Jivamukti teacher, will be visiting the studio.
  • February 2, 2018 Bodytree will host its 4th annual yoga market.
Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching