Virat Kohli to give up Royal Challengers Bangalore captaincy after IPL 2021

Star batsman Virat Kohli made another major move away from the leadership position after announcing that he will step down as captain of his Indian Premier League side Royal Challengers Bangalore after the ongoing edition of the T20 tournament in the UAE.

"This will be my last leg in the IPL as captain of RCB," Kohli said in a video message on his team's Twitter feed. The decision comes just days after he said he will quit India's T20 captaincy at the end of the World Cup in October-November, also in the UAE.

"This has been on my mind for a while as I recently announced stepping down from the T20 captaincy to manage my workload which has been immense for so many years and I want to be committed to the responsibilities I am fulfilling."

Kohli, 32, has been with Bangalore since the inaugural IPL in 2008, took charge as captain in 2013 but has yet to win the league.

"I felt I needed this space to refresh, to regroup and be absolutely clear in how I want to move forward. And also understanding that RCB is going through a transitional phase with the big auction coming next year," said Kohli.

"I made it clear to the management that I can't think of me being in any other team than RCB. I will continue to be an RCB player till I play my last game in the IPL."

Kohli, who has hit over 6,000 runs in IPL, took Bangalore to a runners-up finish in 2016.

The star batsman's leadership has come into sharp focus over recent years, with his national deputy Rohit Sharma seen as a better white-ball leader with five IPL titles for holders Mumbai Indians, and wins in multi-nation tournaments like Asia Cup and Nidahas Trophy.

Rohit is the front runner to succeed Kohli as captain of India's T20 team, with the latter staying as the Test and one-day leader.

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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Essentials

The flights
Etihad and Emirates fly direct from the UAE to Delhi from about Dh950 return including taxes.
The hotels
Double rooms at Tijara Fort-Palace cost from 6,670 rupees (Dh377), including breakfast.
Doubles at Fort Bishangarh cost from 29,030 rupees (Dh1,641), including breakfast. Doubles at Narendra Bhawan cost from 15,360 rupees (Dh869). Doubles at Chanoud Garh cost from 19,840 rupees (Dh1,122), full board. Doubles at Fort Begu cost from 10,000 rupees (Dh565), including breakfast.
The tours
Amar Grover travelled with Wild Frontiers. A tailor-made, nine-day itinerary via New Delhi, with one night in Tijara and two nights in each of the remaining properties, including car/driver, costs from £1,445 (Dh6,968) per person.