• Canelo Alvarez, of Mexico, poses with the WBC, WBA, WBO and IBF belts after defeating Caleb Plant in a super middleweight title unification fight Saturday, November 6, 2021, in Las Vegas. AP Photo
    Canelo Alvarez, of Mexico, poses with the WBC, WBA, WBO and IBF belts after defeating Caleb Plant in a super middleweight title unification fight Saturday, November 6, 2021, in Las Vegas. AP Photo
  • Canelo Alvarez, of Mexico, celebrates after defeating Caleb Plant. AP Photo
    Canelo Alvarez, of Mexico, celebrates after defeating Caleb Plant. AP Photo
  • Canelo Alvarez celebrates. AP Photo
    Canelo Alvarez celebrates. AP Photo
  • Canelo Alvarez, of Mexico, celebrates after defeating Caleb Plant by TKO in a super middleweight title unification fight. AP Photo
    Canelo Alvarez, of Mexico, celebrates after defeating Caleb Plant by TKO in a super middleweight title unification fight. AP Photo
  • Canelo Alvarez knocks down Caleb Plant for the second time in Round 11 before the contest was called off. AP Photo
    Canelo Alvarez knocks down Caleb Plant for the second time in Round 11 before the contest was called off. AP Photo
  • Caleb Plant goes down for a second time in Round 11. AP Photo
    Caleb Plant goes down for a second time in Round 11. AP Photo
  • Referee Russell Mora gives Caleb Plant a standing count. AP Photo
    Referee Russell Mora gives Caleb Plant a standing count. AP Photo
  • Canelo Alvarez and Caleb Plant box during their undisputed super middleweight world championship boxing match at MGM Grand Garden Arena. Reuters
    Canelo Alvarez and Caleb Plant box during their undisputed super middleweight world championship boxing match at MGM Grand Garden Arena. Reuters
  • Canelo Alvarez hits Caleb Plant. AP Photo
    Canelo Alvarez hits Caleb Plant. AP Photo
  • Canelo Alvarez and Caleb Plant box during their undisputed super middleweight world championship boxing match at MGM Grand Garden Arena. Reuters
    Canelo Alvarez and Caleb Plant box during their undisputed super middleweight world championship boxing match at MGM Grand Garden Arena. Reuters
  • Caleb Plant hits Canelo Alvarez. AP Photo
    Caleb Plant hits Canelo Alvarez. AP Photo
  • Canelo Alvarez hits Caleb Plant. AP Photo
    Canelo Alvarez hits Caleb Plant. AP Photo
  • Canelo Alvarez knocks down Caleb Plant in Round 11. Reuters
    Canelo Alvarez knocks down Caleb Plant in Round 11. Reuters
  • Caleb Plant is knocked out by Canelo Alvarez. Reuters
    Caleb Plant is knocked out by Canelo Alvarez. Reuters
  • Caleb Plant, left, hits Canelo Alvarez. AP Photo
    Caleb Plant, left, hits Canelo Alvarez. AP Photo
  • Canelo Alvarez, left, and Caleb Plant fight. AP Photo
    Canelo Alvarez, left, and Caleb Plant fight. AP Photo
  • Caleb Plant hits Canelo Alvarez. AP Photo
    Caleb Plant hits Canelo Alvarez. AP Photo
  • Canelo Alvarez hits Caleb Plant. AP Photo
    Canelo Alvarez hits Caleb Plant. AP Photo
  • Canelo Alvarez, of Mexico, stands in the ring at the start of the fight. AP Photo
    Canelo Alvarez, of Mexico, stands in the ring at the start of the fight. AP Photo
  • Canelo Alvarez, of Mexico, enters the arena. AP Photo
    Canelo Alvarez, of Mexico, enters the arena. AP Photo

Saul 'Canelo' Alvarez and Kamaru Usman trade shots over potential crossover clash


John McAuley
  • English
  • Arabic

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

  • Kamaru Usman competes against Colby Covington. Reuters
    Kamaru Usman competes against Colby Covington. Reuters
  • Kamaru Usman, right, lands a punch against Colby Covington. AP Photo
    Kamaru Usman, right, lands a punch against Colby Covington. AP Photo
  • Kamaru Usman (red gloves) competes against Colby Covington (blue gloves) during UFC 268 at Madison Square Garden on November 6, 2021. Usman won via unanimous decision to retain his UFC welterweight belt. Reuters
    Kamaru Usman (red gloves) competes against Colby Covington (blue gloves) during UFC 268 at Madison Square Garden on November 6, 2021. Usman won via unanimous decision to retain his UFC welterweight belt. Reuters
  • Colby Covington gets cleaned up during his fight against Kamaru Usman. Reuters
    Colby Covington gets cleaned up during his fight against Kamaru Usman. Reuters
  • Kamaru Usman grapples with Colby Covington during their welterweight championship bout. AP Photo
    Kamaru Usman grapples with Colby Covington during their welterweight championship bout. AP Photo
  • Kamaru Usman reacts against Colby Covington. AP Photo
    Kamaru Usman reacts against Colby Covington. AP Photo
  • Kamaru Usman, right, grapples with Colby Covington. AP Photo
    Kamaru Usman, right, grapples with Colby Covington. AP Photo
  • Rose Namajunas (red gloves) celebrates after defeating Zhang Weili to defender her women's UFC strawweight belt. Reuters
    Rose Namajunas (red gloves) celebrates after defeating Zhang Weili to defender her women's UFC strawweight belt. Reuters
  • Rose Namajunas kicks Zhang Weili. Reuters
    Rose Namajunas kicks Zhang Weili. Reuters
  • Rose Namajunas punches Zhang Weili. Reuters
    Rose Namajunas punches Zhang Weili. Reuters
  • Rose Namajunas celebrates after defeating Zhang Weili. Reuters
    Rose Namajunas celebrates after defeating Zhang Weili. Reuters
  • Rose Namajunas competes against Zhang Weili. Reuters
    Rose Namajunas competes against Zhang Weili. Reuters
  • Rose Namajunas competes against Zhang Weili. Reuters
    Rose Namajunas competes against Zhang Weili. Reuters
  • Rose Namajunas reacts after defeating Weili Zhang. AP Photo
    Rose Namajunas reacts after defeating Weili Zhang. AP Photo
  • Weili Zhang grapples with Rose Namajunas. AP Photo
    Weili Zhang grapples with Rose Namajunas. AP Photo
  • Marlon Vera (blue gloves) celebrates after defeating Frankie Edgar at UFC 268. Reuters
    Marlon Vera (blue gloves) celebrates after defeating Frankie Edgar at UFC 268. Reuters
  • Marlon Vera celebrates after defeating Frankie Edgar. Reuters
    Marlon Vera celebrates after defeating Frankie Edgar. Reuters
  • Marlon Vera, right, lands a punch against Frankie Edgar. AP Photo
    Marlon Vera, right, lands a punch against Frankie Edgar. AP Photo
  • Marlon Vera, left, and Frankie Edgar exchange punches. AP Photo
    Marlon Vera, left, and Frankie Edgar exchange punches. AP Photo
  • Shane Burgos (red gloves) competes against Billy Quarantillo (blue gloves) during UFC 268 at Madison Square Garden. Reuters
    Shane Burgos (red gloves) competes against Billy Quarantillo (blue gloves) during UFC 268 at Madison Square Garden. Reuters
  • Shane Burgos competes against Billy Quarantillo. Reuters
    Shane Burgos competes against Billy Quarantillo. Reuters
  • Shane Burgos, right, throws a punch against Billy Quarantillo during a featherweight bout. AP Photo
    Shane Burgos, right, throws a punch against Billy Quarantillo during a featherweight bout. AP Photo
  • Shane Burgos, left, reacts after defeating Billy Quarantillo. AP Photo
    Shane Burgos, left, reacts after defeating Billy Quarantillo. AP Photo
  • Justin Gaethje (red gloves) competes against Michael Chandler (blue gloves). Reuters
    Justin Gaethje (red gloves) competes against Michael Chandler (blue gloves). Reuters
  • Justin Gaethje throws Michael Chandler. Reuters
    Justin Gaethje throws Michael Chandler. Reuters
  • Justin Gaethje competes against Michael Chandler. Reuters
    Justin Gaethje competes against Michael Chandler. Reuters
KINGDOM%20OF%20THE%20PLANET%20OF%20THE%20APES
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Wes%20Ball%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Owen%20Teague%2C%20Freya%20Allen%2C%20Kevin%20Durand%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3.5%2F5%3C%2Fp%3E%0A
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

Updated: April 28, 2022, 7:01 AM