• Tyson Fury celebrates with his belts after beating Dillian Whyte by sixth-round stoppage. AP
    Tyson Fury celebrates with his belts after beating Dillian Whyte by sixth-round stoppage. AP
  • Tyson Fury celebrates his knockout win over Dillian Whyte to retain his WBC heavyweight title at Wembley Stadium on Saturday, April 23, 2022 as referee Mark Lyson supports Whyte on the ropes. Reuters
    Tyson Fury celebrates his knockout win over Dillian Whyte to retain his WBC heavyweight title at Wembley Stadium on Saturday, April 23, 2022 as referee Mark Lyson supports Whyte on the ropes. Reuters
  • Tyson Fury celebrates with his wife Paris, right, and trainer SugarHill Steward. AP
    Tyson Fury celebrates with his wife Paris, right, and trainer SugarHill Steward. AP
  • Tyson Fury knocks down Dillian Whyte during their WBC heavyweight title fight. AP
    Tyson Fury knocks down Dillian Whyte during their WBC heavyweight title fight. AP
  • Tyson Fury celebrates after knocking down Dillian Whyte during their WBC heavyweight title fight. PA
    Tyson Fury celebrates after knocking down Dillian Whyte during their WBC heavyweight title fight. PA
  • Dillian Whyte is surrounded by his team after his defeat to Tyson Fury at Wembley Stadium. PA
    Dillian Whyte is surrounded by his team after his defeat to Tyson Fury at Wembley Stadium. PA
  • Tyson Fury throws a jab at Dillian Whyte. AP
    Tyson Fury throws a jab at Dillian Whyte. AP
  • Tyson Fury lands a right cross on Dillian Whyte during their WBC world heavyweight title fight. Getty
    Tyson Fury lands a right cross on Dillian Whyte during their WBC world heavyweight title fight. Getty
  • Tyson Fury lands a body punch on Dillian Whyte during the WBC world heavyweight title fight. Getty
    Tyson Fury lands a body punch on Dillian Whyte during the WBC world heavyweight title fight. Getty
  • Dillian Whyte lands a reaching cross on Tyson Fury during their WBC world heavyweight title fight. Getty
    Dillian Whyte lands a reaching cross on Tyson Fury during their WBC world heavyweight title fight. Getty
  • Tyson Fury and Dillian Whyte exchange punches during their WBC world heavyweight title fight. Getty
    Tyson Fury and Dillian Whyte exchange punches during their WBC world heavyweight title fight. Getty
  • Tyson Fury during his ring walk ahead of his WBC heavyweight title fight against Dillian Whyte. PA
    Tyson Fury during his ring walk ahead of his WBC heavyweight title fight against Dillian Whyte. PA
  • Fireworks are set off during Tyson Fury's ring walk for his WBC heavyweight title boxing fight against Dillian Whyte. AP
    Fireworks are set off during Tyson Fury's ring walk for his WBC heavyweight title boxing fight against Dillian Whyte. AP
  • Tyson Fury sits on a throne during his ring walk to face Dillian Whyte at Wembley Stadium. Getty
    Tyson Fury sits on a throne during his ring walk to face Dillian Whyte at Wembley Stadium. Getty
  • Tyson Fury pumps his arms to the crowd during his ring walk to fight Dillian Whyte. Getty
    Tyson Fury pumps his arms to the crowd during his ring walk to fight Dillian Whyte. Getty
  • Tyson Fury soaks up the cheers from the crowd during his ring walk ahead of his fight against Dillian Whyte. Reuters
    Tyson Fury soaks up the cheers from the crowd during his ring walk ahead of his fight against Dillian Whyte. Reuters

Tyson Fury will consider coming out of retirement for 'half a billion'


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Heavyweight champion Tyson Fury on Wednesday qualified his earlier statement that hinted at a potential return, stating on social media that he would come out of retirement only for "half a billion".

Fury, 33, had declared in April that he was calling time on his undefeated professional career after defending his WBC world title at Wembley Stadium, knocking out Dillian Whyte in the sixth round.

Thereafter, a crossover exhibition clash with UFC heavyweight champion Francis Ngannou was proposed. However, a unification fight against Oleksandr Usyk or Anthony Joshua remained the favourite talking point. Usyk is expected to defend the WBA, WBO, IBF and IBO belts he claimed from Joshua last September in the rematch this summer.

In an interview with Queensberry Promotions on Tuesday, Fury said: "We've got some very exciting news coming. I think the world's been waiting for our plan of action.”

Asked if he would return to boxing, Fury replied: "One hundred per cent, like [movie character] Jerry Maguire said, 'Show me the money!'

"If anybody can show me the money ... I put a moniker on [promoter] Frank Warren years ago, I called him the 'Magic Man'. Because if he can bring somebody back from absolutely dead, like he did with me, he must have magic."

Later on Wednesday, Fury took to Twitter to explain that he remains retired and that he would consider coming back only for a gargantuan sum.

"Quick message to let everybody know that I, the Gypsy King, am happily retired. But to get me out of retirement, considering I don't need the money, I don't need the aggravation ... it's gonna cost these people half a billy, 500 million," Fury said in the video.

In the earlier interview, Fury said he was in no hurry to finalise his next move.

"There's something to be really excited about, but it doesn't involve Usyk or Joshua at this moment. I will make a decision on all this. I've only just fought, not even three months ago. I wouldn't be expected to fight until October, November, December anyway," he had said.

"I've got no mandatories coming up. No one is rushing me to do anything.

"When this middleweight [Usyk] knocks out this bodybuilder [Joshua] again, there's only going to be one man to sort this absolute circus out, isn't there?

"What I would say to the people who want this fight to happen: 'You better have a big chequebook, because to bring the big [Gypsy King] out of retirement, to redeem this country yet again, it's going to cost'."

Seven tips from Emirates NBD

1. Never respond to e-mails, calls or messages asking for account, card or internet banking details

2. Never store a card PIN (personal identification number) in your mobile or in your wallet

3. Ensure online shopping websites are secure and verified before providing card details

4. Change passwords periodically as a precautionary measure

5. Never share authentication data such as passwords, card PINs and OTPs  (one-time passwords) with third parties

6. Track bank notifications regarding transaction discrepancies

7. Report lost or stolen debit and credit cards immediately

ESSENTIALS

The flights 
Fly Etihad or Emirates from the UAE to Moscow from 2,763 return per person return including taxes. 
Where to stay 
Trips on the Golden Eagle Trans-Siberian cost from US$16,995 (Dh62,414) per person, based on two sharing.

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

'Worse than a prison sentence'

Marie Byrne, a counsellor who volunteers at the UAE government's mental health crisis helpline, said the ordeal the crew had been through would take time to overcome.

“It was worse than a prison sentence, where at least someone can deal with a set amount of time incarcerated," she said.

“They were living in perpetual mystery as to how their futures would pan out, and what that would be.

“Because of coronavirus, the world is very different now to the one they left, that will also have an impact.

“It will not fully register until they are on dry land. Some have not seen their young children grow up while others will have to rebuild relationships.

“It will be a challenge mentally, and to find other work to support their families as they have been out of circulation for so long. Hopefully they will get the care they need when they get home.”

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Sri Lanka World Cup squad

Dimuth Karunaratne (c), Lasith Malinga, Angelo Mathews, Thisara Perera, Kusal Perera, Dhananjaya de Silva, Kusal Mendis, Isuru Udana, Milinda Siriwardana, Avishka Fernando, Jeevan Mendis, Lahiru Thirimanne, Jeffrey Vandersay, Nuwan Pradeep, Suranga Lakmal.

Updated: June 15, 2022, 12:29 PM