St Andrews hosts the 150th British Open from Thursday with Rory McIlroy starting as the favourite for the Claret Jug while a determined Tiger Woods hopes to make an impact at a venue where he has triumphed twice before.
Record crowds for the week of 290,000 are expected on Scotland's east coast for this landmark edition of the world's oldest golf tournament, which comes to the Old Course for the 30th time.
With fine weather expected to continue for much of the week, it is shaping up to be a fitting way to mark a historic British Open, even if the sport continues to be rocked by the fallout caused by the breakaway LIV Series.
Players who left to join the Saudi-backed tour were allowed to take part by Open organisers, just as they were at last month's US Open despite both the PGA Tour and DP World Tour moving to ban the rebels.
That means four-time major winner Brooks Koepka, Sergio Garcia, Bryson DeChambeau, Dustin Johnson and former Open champion Phil Mickelson will all tee off on Thursday.
McIlroy, though, is aiming to end an eight-year wait to add to his four major titles and the Northern Irishman is the favourite in the eyes of many.
"I think it's the Holy Grail of our sport. So not a lot of people are going to get that opportunity to achieve that, but that's what winning an Open at St Andrews is," McIlroy said on Tuesday.
The world No 2 won the 2014 Open at Hoylake but missed the chance to defend his title in St Andrews a year later after injuring an ankle playing football.
"I can't go in here thinking that this might be my time. I just have to go out and play a really good tournament," he added.
McIlroy will tee off in Thursday's first round alongside Collin Morikawa, winner of last year's Open at Royal St George's, and Xander Schauffele, who triumphed in last weekend's Scottish Open.
There is no shortage of contenders, not least among the large contingent of American stars including world No 1 Scottie Scheffler and 2017 Open winner Jordan Spieth.
"If you're not getting amped up to play in this Open, I'm not sure this is the right sport for you," said Spieth on Tuesday, when stiff breezes blowing across the course served as a reminder of the challenges St Andrews can pose.
There has been some talk of the Old Course becoming too easy, 149 years on from the first Open here, but it still captivates players.
They will continue to be challenged in particular by the par-4 17th — the Road Hole is one of the toughest in golf, where players must send their tee shots over the Old Course Hotel.
Jack Nicklaus, twice an Open champion here and who was this week made an honorary citizen of the town, called St Andrews "a magical place".
Woods, now 46, won here in 2000 and 2005 and was determined to return despite suffering severe leg injuries in a car crash last year.
"For the most part of my rehab I was just hoping that I could walk again," admitted Woods, who skipped last month's US Open to improve his chances of featuring this week.
"I'm not going to play a full schedule ever again. My body just won't allow me to do that.
"I don't know how many Open Championships I have left here at St Andrews, but I wanted this one," said Woods, who will play with US Open winner Matt Fitzpatrick in the first two rounds.
THE SPECS
Engine: AMG-enhanced 3.0L inline-6 turbo with EQ Boost and electric auxiliary compressor
Transmission: nine-speed automatic
Power: 429hp
Torque: 520Nm
Price: Dh360,200 (starting)
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
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Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel
Based: Ramallah, Palestine
Sector: Technology, Security
# of staff: 13
Investment: $745,000
Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors
The specs
Engine: 2.0-litre 4-cylinder turbo hybrid
Transmission: eight-speed automatic
Power: 390bhp
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Price: Dh340,000 ($92,579
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
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