Hoeness grateful for lucky break


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KARLSRUHE// Bayern Munich general manager Uli Hoeness has admitted his side were lucky to beat Karlsruhe, but welcomed a result which may signal a change in their fortunes. A Miroslav Klose goal three minutes from time gave the defending champions only their third win in eight league matches so far this season. The result did not move them any higher up the table, but with most of the clubs above them also winning, it was crucial to remain in touch.

"In the end, it was a touch fortunate," admitted Hoeness. "But that is what we need right now - luck. "Now things are moving upwards. Given the other results, it would have been fatal not to have won." Saturday's win lifted a bit of the pressure from the coach Jurgen Klinsmann ahead of a busy period of fixtures. Tomorrow, they host Fiorentina in the Champions League while they have three more Bundesliga fixtures in less than two weeks before they have to travel to Florence for their fourth European game.

With only four points separating Bayern from the league's summit, the situation could change dramatically over the next two weeks. "It was important to win to enable us to relax a little," said a relieved Klinsmann. "This win is certainly welcome." The only worrying sign was that of Luca Toni leaving the field in the 40th minute with sore ribs. However, the Italy international should be fit enough to face his former club tomorrow.

Promoted Hoffenheim took over at the top with a cracking 5-2 victory at Hanover 96. Hoffenheim were trailing 2-1 in the second half against Hanover but four goals in a 13-minute spell took them top with 16 points from eight games. Werder Bremen are also in bad shape, ahead of Bayern on goal difference only, after a frantic 3-3 draw at home to Borussia Dortmund. Bremen were trailing 2-1 with time running out before Claudio Pizarro struck twice from close range.

There was one final twist as Mohamed Zidan equalised from the edge of the box deep into added time. * With agencies

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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

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