Carlos Alcaraz lifts the Indian Wells trophy after defeating Daniil Medvedev in the final. AP
Carlos Alcaraz lifts the Indian Wells trophy after defeating Daniil Medvedev in the final. AP
Carlos Alcaraz lifts the Indian Wells trophy after defeating Daniil Medvedev in the final. AP
Carlos Alcaraz lifts the Indian Wells trophy after defeating Daniil Medvedev in the final. AP

Carlos Alcaraz provides immediate reminder of pedigree with emphatic Indian Wells title


  • English
  • Arabic

When Carlos Alcaraz sat down to talk to The National at the end of last year, following a historic and record-breaking season, the Spanish teenager said he was expecting a challenging 2023.

After all, 2022 had been near flawless, culminating in a Grand Slam breakthrough at the US Open and a rise to become the youngest world No 1 in ATP Tour history. This year, though, Alcaraz said he would be ready for more adversity and a renewed challenge from his rivals as he prepared for a first full season as the hunted.

It didn't take long for the first setback of Alcaraz's prodigious career, with a hamstring injury causing him to miss the Australian Open and the first six weeks of the season. Arriving in California last week for the Indian Wells Masters, Alcaraz's preparation comprised of two claycourt tournaments in South America, where he won the title in Buenos Aires and reached the final in Rio de Janeiro – where the hamstring issue flared up again.

Yet to reach full fitness, hindered by a hamstring niggle, and unaccustomed to the tournament's hardcourt conditions, few within tennis would have judged Alcaraz too harshly had his Indian Wells campaign ended early, despite being the top seed in the absence of world No 1 Novak Djokovic.

Instead, the 19-year-old bulldozed his way through the field, even dominating the tour's most in-form player, Daniil Medvedev, in the final and clinching the title without facing a break point all week. While the 19 previous opponents, including Djokovic, were powerless to stop Medvedev, Alcaraz put him firmly in his place and denied the Russian a fourth successive title.

By winning the trophy, Alcaraz returned to the top of the rankings on Monday, an achievement perhaps aided by Djokovic missing the tournament because of his unvaccinated status against Covid-19. Still, the first sign of adversity for Alcaraz was overcome with flying colours.

"I began the season well but struggled a lot with injuries," Alcaraz said. "Two injuries in the legs in about four months, it was tough to stay strong mentally.

"I missed some tournaments I wanted to play, but I worked really hard with my team. I believe in myself and the work I'm doing right now and I'd say that's the most important thing.

"It means a lot to recover the No 1 ranking. I'm not going to say it was easy, but it was easier because Djokovic was not playing."

Victory over Medvedev also meant Alcaraz became the youngest man to win the Indian Wells and Miami Open titles, a feat dubbed the 'sunshine double'.

"The thing that's improved most is the mental game," said Alcaraz, who lost to Medvedev in their first meeting in 2021.

"I got a lot of experience since that match. I was new on tour at that time but now I've played a lot of great matches and won great titles. That's made me more confident. Now I know how to handle tough moments."

Now it's time for Alcaraz's next challenge: the defence of his Miami Open title. Djokovic will be absent again but regardless, the Spanish teenager will need to win the tournament to remain world No 1.

Even if he is knocked off his perch, a fascinating tussle for top spot should ensue during the European claycourt swing. Five of Alcaraz's eight titles have come on clay, while two-time French Open champion Djokovic will be free to play for the next two months, and indeed beyond into June and July for his Wimbledon defence.

Covid-related entry rules are also expected to loosen in North America from next month, so the Serb is likely to resume a full schedule for the rest of the season. With Rafael Nadal suffering from yet another serious injury – a consequence of which has seen the Spaniard sit outside the top 10 for the first time in 18 years – Alcaraz looks best positioned to challenge Djokovic for supremacy this year.

And his sensational form at Indian Wells, amid potentially tricky circumstances, cemented what the tennis world already knew: Alcaraz is a generational talent already leading a new era.

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

Manchester United v Liverpool

Premier League, kick off 7.30pm (UAE)

Updated: March 20, 2023, 1:10 PM