Saul “Canelo” Alvarez and Kamaru Usman, the pound-for-pound No 1s in boxing and the UFC respectively, have continued to exchange barbs regarding a potential crossover bout.
Speculation the two could meet in a boxing clash has ramped up the past few months, with UFC welterweight belt-holder Usman declaring last month he would stop the undisputed super middleweight champion should a lucrative match-up materialise.
The possible encounter has again been in the news this week, after Usman’s manager, Ali Abdelaziz, labelled Alvarez an “absolute chicken” for not wanting to face his client.
After Alvarez bit back on social media, Usman stepped in, tweeting late on Wednesday: “Let’s just all relax… before somebody gets hurt.”
That prompted a back-and-forward between the pair online, with Alvarez telling Usman he would have to bide his time, saying: “You calling me out right ? You want the pay day right ? So you know where, but sit down it's not your turn yet. I have a legacy to make.”
Early on Thursday, Usman responded: “Enough said… you don’t want that smoke in a real fight. I hear you! Good luck champ.”
Usman, 34, has held the welterweight title for three years, with five successful defences in that time – including once in Abu Dhabi, during the inaugural Fight Island in July 2020 – catapulting him to the top of the UFC’s pound-for-pound rankings. He is currently 15-0 in the promotion having most recently defeated No 1-ranked challenger Colby Covington by unanimous decision in their rematch at UFC 268 in November.
Alvarez, meanwhile, has won 15 of his past 16 bouts – he drew his first fight with Gennady Golovkin, in late 2017 - since losing to Floyd Mayweather in 2013. The Mexican, 31, has returned to light heavyweight to take on undefeated WBA (Super) champion Dmitry Bivol at T-Mobile Arena in Las Vegas next week.
Alvarez and Usman are not the only boxing and MMA champions to be sizing each other up for a blockbuster crossover bout, with heavyweight champions Tyson Fury and Francis Ngannou also keen to clash.
Fury retained his WBC heavyweight title with a stoppage win over Dillian Whyte on Saturday, and UFC champion Ngannou joined the British fighter in the ring after the bout.
Ngannou has since said he would only be interested in renewing his UFC contract if it includes the option to face Fury in a crossover fight.
Usman retains title at UFC 268
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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