• Oliver McBurnie (Sheffield United) - the Scotland striker earns £20,000 per week, according to Spotrac. EPA
    Oliver McBurnie (Sheffield United) - the Scotland striker earns £20,000 per week, according to Spotrac. EPA
  • Said Benrahma (West Ham) - £23,077. Reuters
    Said Benrahma (West Ham) - £23,077. Reuters
  • Dominic Calvert-Lewin (Everton) - £24,000. Reuters
    Dominic Calvert-Lewin (Everton) - £24,000. Reuters
  • Lys Mousset (Sheffield United) - £25,000. AFP
    Lys Mousset (Sheffield United) - £25,000. AFP
  • Rhian Brewster (Sheffield United) - £27,500. EPA
    Rhian Brewster (Sheffield United) - £27,500. EPA
  • David McGoldrick (Sheffield United) - £28,846. AFP
    David McGoldrick (Sheffield United) - £28,846. AFP
  • Che Adams (Southampton) - £28,846. Reuters
    Che Adams (Southampton) - £28,846. Reuters
  • Jordan Ayew (Crystal Palace) - £32,500. EPA
    Jordan Ayew (Crystal Palace) - £32,500. EPA
  • Mason Greenwood (Manchester United) - £35,000. EPA
    Mason Greenwood (Manchester United) - £35,000. EPA
  • Patrick Bamford (Leeds) - £35,000. EPA
    Patrick Bamford (Leeds) - £35,000. EPA
  • Matej Vydra (Burnley) - £35,000. Reuters
    Matej Vydra (Burnley) - £35,000. Reuters
  • Jay Rodriguez (Burnley) - £35,000. AFP
    Jay Rodriguez (Burnley) - £35,000. AFP
  • Wesley (Aston Villa) - £35,000. Reuters
    Wesley (Aston Villa) - £35,000. Reuters
  • Dwight Gayle (Newcastle) - £40,000. Reuters
    Dwight Gayle (Newcastle) - £40,000. Reuters
  • Ashley Barnes (Burnley) - £40,000. AFP
    Ashley Barnes (Burnley) - £40,000. AFP
  • Raul Jimenez (Wolves) - £41,231. AFP
    Raul Jimenez (Wolves) - £41,231. AFP
  • Miguel Almiron (Newcastle) - £42,327. AFP
    Miguel Almiron (Newcastle) - £42,327. AFP
  • Adama Traore (Wolves) - £43,000. Reuters
    Adama Traore (Wolves) - £43,000. Reuters
  • Ayoze Perez (Leicester) - £45,000. Reuters
    Ayoze Perez (Leicester) - £45,000. Reuters
  • Bobby Decordova-Reid (Fulham) - £45,000. AFP
    Bobby Decordova-Reid (Fulham) - £45,000. AFP
  • Eddie Nketiah (Arsenal) - £45,000. Reuters
    Eddie Nketiah (Arsenal) - £45,000. Reuters
  • Callum Wilson (Newcastle) - £46,154. EPA
    Callum Wilson (Newcastle) - £46,154. EPA
  • Ferran Torres (Manchester City) - £46,154. EPA
    Ferran Torres (Manchester City) - £46,154. EPA
  • Divock Origi (Liverpool) - £49,500. EPA
    Divock Origi (Liverpool) - £49,500. EPA
  • Pedro Neto (Wolves) - £50,000. AFP
    Pedro Neto (Wolves) - £50,000. AFP
  • Alex Iwobi (Everton) - £50,000. EPA
    Alex Iwobi (Everton) - £50,000. EPA
  • Chris Wood (Burnley) - £50,000. Reuters
    Chris Wood (Burnley) - £50,000. Reuters
  • Danny Welbeck (Brighton) - £50,000. AFP
    Danny Welbeck (Brighton) - £50,000. AFP
  • Neal Maupay (Brighton) - £50,000. Reuters
    Neal Maupay (Brighton) - £50,000. Reuters
  • Rodrigo (Leeds) - £57,692. EPA
    Rodrigo (Leeds) - £57,692. EPA
  • Tammy Abraham (Chelsea) - £57,692. EPA
    Tammy Abraham (Chelsea) - £57,692. EPA
  • Shane Long (Southampton - on loan at Bournemouth) - £60,000. Reuters
    Shane Long (Southampton - on loan at Bournemouth) - £60,000. Reuters
  • Kelechi Iheanacho (Leicester City) - £60,000. Getty Images
    Kelechi Iheanacho (Leicester City) - £60,000. Getty Images
  • Aleksandar Mitrovic (Fulham) - £60,000. AFP
    Aleksandar Mitrovic (Fulham) - £60,000. AFP
  • Ivan Cavaleiro (Fulham) - £60,000. AFP
    Ivan Cavaleiro (Fulham) - £60,000. AFP
  • Cenk Tosun (Everton - on loan at Besiktas) - £60,000. Getty Images
    Cenk Tosun (Everton - on loan at Besiktas) - £60,000. Getty Images
  • Connor Wickham (Crystal Palace) - £60,000. Reuters
    Connor Wickham (Crystal Palace) - £60,000. Reuters
  • Michail Antonio (West Ham) - £70,000. Reuters
    Michail Antonio (West Ham) - £70,000. Reuters
  • Steven Bergwijn (Tottenham) - £73,077. AFP
    Steven Bergwijn (Tottenham) - £73,077. AFP
  • Danny Ings (Southampton) - £75,000. EPA
    Danny Ings (Southampton) - £75,000. EPA
  • Andy Carroll (Newcastle) - £75,000. AFP
    Andy Carroll (Newcastle) - £75,000. AFP
  • Takumi Minamino (Liverpool - on loan at Southampton) - £75,000. Reuters
    Takumi Minamino (Liverpool - on loan at Southampton) - £75,000. Reuters
  • Ollie Watkins (Aston Villa) - £75,000. AFP
    Ollie Watkins (Aston Villa) - £75,000. AFP
  • Fabio Silva (Wolves) - £80,000. EPA
    Fabio Silva (Wolves) - £80,000. EPA
  • Lucas Moura (Tottenham) - £80,000. AFP
    Lucas Moura (Tottenham) - £80,000. AFP
  • Joelinton (Newcastle) - £86,538. EPA
    Joelinton (Newcastle) - £86,538. EPA
  • James Rodriguez (Everton) - £90,000. AFP
    James Rodriguez (Everton) - £90,000. AFP
  • Richarlison (Everton) - £90,000. Reuters
    Richarlison (Everton) - £90,000. Reuters
  • Michy Batshuayi (Crystal Palace) - £90,000. Reuters
    Michy Batshuayi (Crystal Palace) - £90,000. Reuters
  • Gabriel Jesus (Manchester City) - £90,000. EPA
    Gabriel Jesus (Manchester City) - £90,000. EPA
  • Gabriel Martinelli (Arsenal) - £90,000. Reuters
    Gabriel Martinelli (Arsenal) - £90,000. Reuters
  • Diogo Jota (Liverpool) - £90,385. AFP
    Diogo Jota (Liverpool) - £90,385. AFP
  • Jarrod Bowen (West Ham) - £96,154. Reuters
    Jarrod Bowen (West Ham) - £96,154. Reuters
  • Sadio Mane (Liverpool) - £100,000. Reuters
    Sadio Mane (Liverpool) - £100,000. Reuters
  • Olivier Giroud (Chelsea) - £110,000. EPA
    Olivier Giroud (Chelsea) - £110,000. EPA
  • Andriy Yarmolenko (West Ham United) - £115,000. Getty Images
    Andriy Yarmolenko (West Ham United) - £115,000. Getty Images
  • Bernard (Everton) - £120,000. AFP
    Bernard (Everton) - £120,000. AFP
  • Christian Benteke (Crystal Palace) - £120,000. AFP
    Christian Benteke (Crystal Palace) - £120,000. AFP
  • Callum Hudson-Odoi (Chelsea) - £120,000. AFP
    Callum Hudson-Odoi (Chelsea) - £120,000. AFP
  • Wilfried Zaha (Crystal Palace) - £130,000. EPA
    Wilfried Zaha (Crystal Palace) - £130,000. EPA
  • Son Heung-min (Tottenham) - £140,000. Reuters
    Son Heung-min (Tottenham) - £140,000. Reuters
  • Jamie Vardy (Leicester City) - £140,000. Reuters
    Jamie Vardy (Leicester City) - £140,000. Reuters
  • Nicolas Pepe (Arsenal) - £140,000. EPA
    Nicolas Pepe (Arsenal) - £140,000. EPA
  • Christian Pulisic (Chelsea) - £145,433. AFP
    Christian Pulisic (Chelsea) - £145,433. AFP
  • Timo Werner (Chelsea) - £170,000. AFP
    Timo Werner (Chelsea) - £170,000. AFP
  • Roberto Firmino (Liverpool) - £180,000. EPA
    Roberto Firmino (Liverpool) - £180,000. EPA
  • Alexandre Lacazette (Arsenal) - £182,051. EPA
    Alexandre Lacazette (Arsenal) - £182,051. EPA
  • Willian (Arsenal) - £192,308. Reuters
    Willian (Arsenal) - £192,308. Reuters
  • Harry Kane (Tottenham) - £200,000. EPA
    Harry Kane (Tottenham) - £200,000. EPA
  • Marcus Rashford (Manchester United) - £200,000. EPA
    Marcus Rashford (Manchester United) - £200,000. EPA
  • Mohamed Salah (Liverpool) - £200,000. AFP
    Mohamed Salah (Liverpool) - £200,000. AFP
  • Edison Cavani (Manchester United) - £210,000. AFP
    Edison Cavani (Manchester United) - £210,000. AFP
  • Sergio Aguero (Manchester City) - £230,135. Reuters
    Sergio Aguero (Manchester City) - £230,135. Reuters
  • Anthony Martial (Manchester United) - £250,000. EPA
    Anthony Martial (Manchester United) - £250,000. EPA
  • Pierre-Emerick Aubameyang (Arsenal) - £250,000. Reuters
    Pierre-Emerick Aubameyang (Arsenal) - £250,000. Reuters
  • Raheem Sterling (Manchester City) - £300,000. Reuters
    Raheem Sterling (Manchester City) - £300,000. Reuters
  • Gareth Bale (Tottenham Hotspur - on loan from Real Madrid) - £600,000. Tottenham reportedly pay as much as half of Bale's weekly wages. Reuters
    Gareth Bale (Tottenham Hotspur - on loan from Real Madrid) - £600,000. Tottenham reportedly pay as much as half of Bale's weekly wages. Reuters

The 77 highest paid Premier League forwards


Steve Luckings
  • English
  • Arabic

Goals wins game, as the old adage goes, so perhaps it's no surprise to see strikers picking up bonanza pay packets in the Premier League.

David de Gea topped the Premier League wages chart last season, but does the Manchester United goalkeeper still take home the most pay?

Above is a photo gallery of the highest-paid players in the Premier League and their weekly salaries for the 2020/21 season, according to Spotrac, an online sports team and player contract website.

To move on to the next image, click on the arrows, or if you're using a mobile device, simply swipe.

You can also scroll down to see a summary of the top 10 highest paid Premier League forwards and the full list of the 77 highest paid players, ranked in order.

Who is the Premier League's highest paid forward?

Gareth Bale is by far the best-paid player in the Premier League, with the Tottenham Hotspur forward earning a weekly salary of £600,000 a week, according to Spotrac, an online sports team and player contract website.

The Wales international is on a season-long loan from Real Madrid, with Tottenham reported to be paying as much as half of his salary with the Spanish club.

The top 10 highest paid Premier League strikers/forwards:

1. Gareth Bale, Tottenham Hotspur, £600,000 per week

2. Raheem Sterling, Manchester City, £300,000 per week

3. Pierre-Emerick Aubameyang, Arsenal, £250,000 per week

4. Anthony Martial, Manchester United, £250,000 per week

5. Sergio Aguero, Manchester City, £230,135 per week

6. Edinson Cavani, Manchester United, £210,000 per week

7. Mohamed Salah, Liverpool, £200,000 per week

8. Harry Kane, Tottenham, £200,000 per week

9. Marcus Rashford, Manchester United, £200,000 per week

10. Willian, Arsenal, £192,308 per week

The full list of the Premier League's 78 highest paid strikers/forwards:

1. Gareth Bale

Tottenham Hotspur, on loan from Real Madrid, £600,00 (per week). Tottenham reportedly pay as much as half of Bale's weekly wages.

2. Raheem Sterling

Manchester City, £300,000. The English forward has scored more than 100 goals for City since joining from Liverpool in 2015.

3. Pierre-Emerick Aubameyang

Arsenal, £250,000. The Gabon star signed a bumper new three-year contract with the Gunners in September 2020.

4. Anthony Martial

Manchester United, £250,000. The French forward has made more than 250 United appearances since joining from Monaco as a teenager in 2015.

5. Sergio Aguero

Manchester City, £230,135. City's record goalscorer has endured an injury and Covid-hit campaign.

6. Edinson Cavani

Manchester United, £210,000. Signed on a free transfer after leaving Paris Saint-Germain after seven trophy-laden years at the French club.

7. Mohamed Salah

Liverpool, £200,000. The Egyptian has been a sensation on Merseyside since joining from Roma in 2017, helping Liverpool win the Champions League and Premier League.

8. Harry Kane

Tottenham Hotspur, £200,000. Only Jimmy Greaves is ahead of Kane in the list of Spurs' all-time goalscorers now. Few would bet against the Englishman surpassing Greaves' total of 220.

9. Marcus Rashford

Manchester United, £200,000. The England striker is known as much now for his political activism, helping to feed hungry children in the UK, as he is for his goalscoring exploits.

10. Willian

Arsenal, £192,308. The Brazilian signed a three-year contract with the Gunners after leaving Chelsea at the end of the 2019/20 campaign.

11. Alexandre Lacazette

Arsenal, £182,063. The Frenchman has scored more than 50 goals since his big-money move from Lyon in 2017 despite being in and out of the side under a succession of managers.

12. Roberto Firmino

Liverpool, £180,000. The Brazilian forward is part of Liverpool's 'Fab three' frontline alongside Salah and Sadio Mane.

13. Timo Werner

Chelsea, £170,000. Much was expected of the Germany international after a prolific spell at RB Leipzig. Has struggled after a promising start in West London, though.

14. Christian Pulisic

Chelsea, £158,654. Enjoyed a superb end to the 2019/20 campaign but injury has hampered his playing time this term.

15. Nicolas Pepe

Arsenal, £140,000. The Ivorian is Arsenal's record transfer at €79 million but has failed to live up to that lofty price tag so far.

16. Jamie Vardy

Leicester City, £140,000. The prolific striker has scored more than 100 Premier League goals for Leicester in the Premier League.

17. Son Heung-min

Tottenham Hotspur, £140,000. The highest-scoring South Korean in Premier League history. Has formed a formidable partnership with Kane.

18. Wilfried Zaha

Crystal Palace, £130,000. The Eagles' talisman is enjoying one of his most prolific campaigns in the Premier League.

19. Callum Hudson-Odoi

Chelsea, £120,000. Made a promising start to life in the top tier before suffering an Achilles injury that sidelined him for months. Starting to show his true form again.

20. Christian Benteke

Crystal Palace, £120,000. The big Belgian often finds himself playing second fiddle to other strikers at Selhurst Park.

21. Bernard

Everton, £120,000. The Brazil winger has failed to cement a regular place at Goodison since joining from Shakhtar Donetsk in 2018.

22. Andriy Yarmolenko

West Ham, £115,000. The Ukraine forward often cuts a frustrated figure warming the West Ham bench.

23. Olivier Giroud

Chelsea, £110,000. French striker proved he can still operate at the top level with four goals in one Champions League match against Sevilla.

24. Sadio Mane

Liverpool, £100,000. The Senegalese is arguably the Reds' most polished finisher and his combination with full-back Andrew Robertson the best in the league.

25. Jarrod Bowen

West Ham, £96,154. Has made the jump from Championship to Premier League look effortless and is one of the league's best wide attacking players.

26. Diogo Jota

Liverpool, £90,385. The Portuguese began his Anfield career with a bang with nine goals in 17 appearances before injury sidelined him.

27. Gabriel Martinelli

Arsenal, £90,000. Arsenal's scouts spotted the talented forward playing in the third tier of Brazilian football before recommending him to the London club in 2019. Has shown only glimpses of his potential thus far.

28. Gabriel Jesus

Manchester City, £90,000. Has has to be patient behind the prolific Aguero but the Brazilian has shown he is more than capable of filling the Argentine's boots.

29. Michy Batshuayi

Chelsea (on loan at Crystal Palace), £90,000. The Belgian has never found a settled home at Chelsea and is on his fourth loan move in three years.

30. Richarlison

Everton, £90,000. A full Brazil international, Richarlison has formed an excellent understanding with Dominic Calvert-Lewin this season.

31. James Rodriguez

Everton, £90,000. The Colombian's range of passing and dead-ball ability has made him a fan favourite at Goodison.

32. Joelinton

Newcastle, £86,538. Often derided by his own fans, the big-money Brazilian has scored a paltry three goals since joining at the start of the 2019/20 season.

33. Lucas Moura

Tottenham, £80,000. Will forever be loved by Spurs fans for his hat-trick against Ajax that sent them to a first Champions League final in 2019.

34. Fabio Silva

Wolves, £80,000. Moved to Molineux for a reported club record £35 million at the start of the campaign despite making only a handful of appearances for Porto. The 18-year-old is very much one for the future.

35. Ollie Watkins

Aston Villa, £75,000. Has carried Championship form up to England's top tier and could be a dark horse to make England's Euro 2021 squad.

36. Takumi Minamino

Liverpool (on loan at Southampton), £75,000. Found breaking up Liverpool's 'Fab three' a tough nut to crack but is flourishing down on the South Coast.

37. Andy Carroll

Newcastle, £75,000. The tall Englishman is usually a last resort off the bench when Newcastle are chasing a game.

38. Danny Ings

Southampton, £75,000. Has established himself as one of the best finishers in the Premier League since leaving Liverpool in 2019. The England international averages just over a goal every other game for the Saints.

39. Steven Bergwijn

Tottenham, £73,077. The Dutchman has failed to replicate his early performances after moving to North London in January 2020 from PSV.

40. Michail Antonio

West Ham, £70,000. Established himself as an out-and-out striker after stints in defence and on the wing. One of the hardest working forwards around.

41. Connor Wickham

Crystal Palace, £60,000. The injury-hit striker has made only 50 appearances in six years at Selhurst Park, scoring just 11 goals.

42. Cenk Tosun

Everton (on loan at Besiktas), £60,000. The Turkey international has returned to his homeland on loan after finding his chances at Goodison limited.

43. Ivan Cavaleiro

Fulham, £60,000. He may find goals hard to come by but few strikers put in the same work rate as the Portuguese.

44. Aleksandar Mitrovic

Fulham, £60,000. The stock Serb has been given largely a watching brief since Fulham's promotion back to the Premier League.

45. Kelechi Iheanacho

Leicester City, £60,000. The Nigerian has proved a useful backup to Jamie Vardy when called upon.

46. Shane Long

Southampton (on loan at Bournemouth), £60,000. Once scored the fastest goal in Premier League history but has found himself surplus to requirements at Southampton.

47. Tammy Abraham

Chelsea, £57,692. The big-money arrival of Werner appears to have knocked Abraham off his stride. Has scored goals both domestically and in the Champions League and must now prove to new Blues coach Thomas Tuchel he is worthy of a starting spot.

48. Rodrigo

Leeds United, £57,692. The Spain international has often found himself operating in a deeper role due to Patrick Bamford's impressive form.

49. Neal Maupay

Brighton, £50,000. Brighton are a more mobile side with the French striker leading the line.

50. Danny Welbeck

Brighton, £50,000. Injuries have curtailed what once looked a hugely promising career but 30-year-old has impressed during his short time at the Amex.

51. Chris Wood

Burnley, £50,000. The giant New Zealand striker embodies the fighting spirit Sean Dyche demands of his Burnley players.

52. Alex Iwobi

Everton, £50,000. Asked to fulfil a wing-back role under Carlo Ancelotti and the Nigerian has responded well to the task.

53. Pedro Neto

Wolves, £50,000. The Portugal international, like most of his teammates, has seen his form suffer since the loss of talisman Raul Jimenez to injury.

54. Divock Origi

Liverpool, £49,500. The most used sub in Premier League history has a penchant for scoring important goals.

55. Ferran Torres

Manchester City, £46,154. Has played several roles including false 9 since moving from Valencia. Yet to truly hit his straps for City.

56. Callum Wilson

Newcastle, £46,154. Steve Bruce does not get enough credit for identifying and signing the England striker from Bournemouth to solve Newcastle's goal problems. Has already reached double figures in terms of goals and will be key to their survival hopes.

57. Eddie Nketiah

Arsenal, £45,000. Has repaid Mikel Arteta's faith in him with a string of fine performances in defence, midfield and attack.

58. Bobby Decordova-Reid

Fulham, £45,000. The Jamaican has chipped in with crucial goals as Fulham make a fist of trying to avoid relegation back to the Championship.

59. Ayoze Perez

Leicester, £45,000. The Spaniard has found his place under threat with the emergence of James Maddison and Harvey Barnes.

60. Adama Traore

Wolves, £43,000. A flying winger built like a heavyweight boxer. Traore is one of the hardest wide players to contain in the top flight.

61. Miguel Almiron

Newcastle, £42,327. A much-improved player from the timid forward who first arrived on Tyneside in January 2019.

62. Raul Jimenez

Wolves, £41,231. A sickening clash of heads with Arsenal's David Luiz left the Mexican with a fractured skull. Wolves have found his absence hard to fill.

63. Ashley Barnes

Burnley, £40,000. Converted the penalty that inflicted Liverpool's first home defeat in the league in more than four years.

64. Dwight Gayle

Newcastle, £40,000. Largely underused at Newcastle despite a fairly impressive goalscoring record at the club.

65. Wesley

Aston Villa, £35,000. Still recovering from knee surgery but the one-time Brazil cap has hardly uprooted any trees in the Midlands.

66. Jay Rodriguez

Burnley, £35,000. Hard-working English forward who jostles for a place alongside Wood with Barnes and Matej Vydra.

67. Matej Vydra

Burnley, £35,000. Seven goals in three years tells its own story for the Czech international.

68. Patrick Bamford

Leeds, £35,000. A decent shout for player of the year. Bamford has confounded critics who said he couldn't score at this level by reaching double figures in Leeds' first season back in the top flight.

69. Mason Greenwood

Manchester United, £35,000. Form seems to have suffered since being sent home by Gareth Southgate for breaking Covid protocol on England duty.

70. Jordan Ayew

Crystal Palace, £32,500. The Ghanaian is the perfect foil for the pace and skill of Zaha.

71. Che Adams

Southampton, £28,846. Has found goals hard to come by but his physical attributes give defenders plenty of problems.

72. David McGoldrick

Sheffield United, £28,846. At 33 McGoldrick is in the twilight of his career but gives his all every performance.

73. Rhian Brewster

Sheffield United, £27,500. Chris Wilder shelled out a club record to buy the Liverpool graduate. Brewster has found the Premier League hard going but no doubt has a bright future ahead of him.

74. Lys Mousset

Sheffield United, £25,000. Another Blades striker who has found the goal trail about as out of reach as the holy grail.

75. Dominic Calvert-Lewin

Everton, £24,000. Reinvented under Ancelotti. Calvert-Lewin has established as one of the league's best centre-forwards under the Italian.

76. Said Benrahma

West Ham, £23,077. Made his loan to the Hammers permanent after a string of impressive performances.

77. Oliver McBurnie

Sheffield United, £20,000. The Scotland international completes Sheffield United's list of non-scoring strikers.

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Brief scores:

Manchester United 4

Young 13', Mata 28', Lukaku 42', Rashford 82'

Fulham 1

Kamara 67' (pen),

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Man of the match: Juan Mata (Man Utd)

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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

UAE currency: the story behind the money in your pockets
Four reasons global stock markets are falling right now

There are many factors worrying investors right now and triggering a rush out of stock markets. Here are four of the biggest:

1. Rising US interest rates

The US Federal Reserve has increased interest rates three times this year in a bid to prevent its buoyant economy from overheating. They now stand at between 2 and 2.25 per cent and markets are pencilling in three more rises next year.

Kim Catechis, manager of the Legg Mason Martin Currie Global Emerging Markets Fund, says US inflation is rising and the Fed will continue to raise rates in 2019. “With inflationary pressures growing, an increasing number of corporates are guiding profitability expectations downwards for 2018 and 2019, citing the negative impact of rising costs.”

At the same time as rates are rising, central bankers in the US and Europe have been ending quantitative easing, bringing the era of cheap money to an end.

2. Stronger dollar

High US rates have driven up the value of the dollar and bond yields, and this is putting pressure on emerging market countries that took advantage of low interest rates to run up trillions in dollar-denominated debt. They have also suffered capital outflows as international investors have switched to the US, driving markets lower. Omar Negyal, portfolio manager of the JP Morgan Global Emerging Markets Income Trust, says this looks like a buying opportunity. “Despite short-term volatility we remain positive about long-term prospects and profitability for emerging markets.” 

3. Global trade war

Ritu Vohora, investment director at fund manager M&G, says markets fear that US President Donald Trump’s spat with China will escalate into a full-blown global trade war, with both sides suffering. “The US economy is robust enough to absorb higher input costs now, but this may not be the case as tariffs escalate. However, with a host of factors hitting investor sentiment, this is becoming a stock picker’s market.”

4. Eurozone uncertainty

Europe faces two challenges right now in the shape of Brexit and the new populist government in eurozone member Italy.

Chris Beauchamp, chief market analyst at IG, which has offices in Dubai, says the stand-off between between Rome and Brussels threatens to become much more serious. "As with Brexit, neither side appears willing to step back from the edge, threatening more trouble down the line.”

The European economy may also be slowing, Mr Beauchamp warns. “A four-year low in eurozone manufacturing confidence highlights the fact that producers see a bumpy road ahead, with US-EU trade talks remaining a major question-mark for exporters.”

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Secret Nation: The Hidden Armenians of Turkey
Avedis Hadjian, (IB Tauris)
 

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Mica

Director: Ismael Ferroukhi

Stars: Zakaria Inan, Sabrina Ouazani

3 stars

'Panga'

Directed by Ashwiny Iyer Tiwari

Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta

Rating: 3.5/5

The line up

Friday: Giggs, Sho Madjozi and Masego  

Saturday: Nas, Lion Bbae, Roxanne Shante and DaniLeigh  

Sole DXB runs from December 6 to 8 at Dubai Design District. Weekend pass is Dh295 while a one day pass is Dh195. Tickets are available from www.soledxb.com

Company profile: buybackbazaar.com

Name: buybackbazaar.com

Started: January 2018

Founder(s): Pishu Ganglani and Ricky Husaini

Based: Dubai

Sector: FinTech, micro finance

Initial investment: $1 million

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Sunday's games

All times UAE:

Tottenham Hotspur v Crystal Palace, 4pm

Manchester City v Arsenal, 6.15pm

Everton v Watford, 8.30pm

Chelsea v Manchester United, 8.30pm

Score

New Zealand 266 for 9 in 50 overs
Pakistan 219 all out in 47.2 overs 

New Zealand win by 47 runs

New Zealand lead three-match ODI series 1-0

Next match: Zayed Cricket Stadium, Abu Dhabi, Friday

The specs: 2018 Peugeot 5008

Price, base / as tested: Dh99,900 / Dh134,900

Engine: 1.6-litre turbocharged four-cylinder

Transmission: Six-speed automatic

Power: 165hp @ 6,000rpm

Torque: 240Nm @ 1,400rpm

Fuel economy, combined: 5.8L / 100km