Tiger Woods, the world No 1, has seemingly taken another indefinite break after turning up at Augusta to play the Masters.
Tiger Woods, the world No 1, has seemingly taken another indefinite break after turning up at Augusta to play the Masters.
Tiger Woods, the world No 1, has seemingly taken another indefinite break after turning up at Augusta to play the Masters.
Tiger Woods, the world No 1, has seemingly taken another indefinite break after turning up at Augusta to play the Masters.

Different strokes for the top two at Augusta


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No sooner had Tiger Woods completed one of the most bizarre rounds of his career, golf's most famous and most controversial character launched another guessing game which will exasperate pundits all around the world. Indiscretions off the course have been coming thick and fast for Woods since the bombshell first dropped about his marital infidelity five months ago, but the world No 1 had until Sunday night been regarded as a model of tactfulness in going about the business that has made him rich and famous.

To declare, however, that he will now begin another indeterminate period of self-imposed exile from the game to follow the 144 days of inactivity leading to his blockbuster of a comeback in the Masters took some of the gloss off one of the most heart-warming celebrations of recent years. Striding down the 18th fairway of a thronging Augusta National as Woods was outlining his plans was an emotional Phil Mickelson, safe in the knowledge that a drilled second shot to within 15 feet of the 72nd hole of a thrilling championship had guaranteed him a third green jacket and an emotional embrace with his sick wife, Amy, outside the scorers' hut.

That was the tear-jerking moment the sporting world should have been digesting yesterday, not the gut-wrenching thought of when Woods would next strike a ball in as much anger as he showed in Sunday's round of five bogeys, four birdies and two eagles. Mickelson's personal problems - his wife and mother-in-law have both been diagnosed with breast cancer - have been overshadowed by those of Woods. The fear of losing loved ones through no fault of his led to Mickelson enduring a barren spell in his professional life to match that of the absent Woods, but there is no better way for Mickelson to put those distractions on hold than a journey down Magnolia Drive to prepare for his favourite major.

Mickelson is more at home at Augusta than anywhere else in the world and it showed over four captivating days as "Lefty" rediscovered the form that had brought two previous triumphs and a cluster of near misses. The thrill of back-to-back eagles - only the third time such a feat had been achieved in Masters history - midway through Saturday's pivotal third round was the catalyst for the Mickelson surge to victory from a position five strokes behind England's Lee Westwood with only 24 holes remaining.

That scoring burst - he was inches away from a third successive eagle at the 15th hole that day - enabled Mickelson to go out last with Westwood on a tense final afternoon and bring his far greater big event experience into play against a rival who continues to knock on the door at major championships but continues to see that door slammed in his face. Westwood, by a distance Europe's top player on form, should win a major one day but must now be fearing that day will never come after adding this frustrating runner-up position to his third places in the US Open, British Open and US PGA championships.

Woods should be commended for remaining in contention for a 15th major title for so long, considering the evident rustiness of his game and the irritating unreliability of his hitherto devastating driver. Woods, untypically careless on the greens on several occasions, still proved, to nobody's great surprise, that he remains the one to beat in the tournaments that really matter to him as he chases Jack Nicklaus's record haul of 18 major titles.

Thankfully for the good of this great game, there were players out there capable of denying him a fairy-tale comeback and, better still, Mickelson was the one who did it. wjohnson@thenational.ae

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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