• Ireland is the best place in the world to live right now, according to the latest Bloomberg Covid Resilience Rankings. Photo: Alamy
    Ireland is the best place in the world to live right now, according to the latest Bloomberg Covid Resilience Rankings. Photo: Alamy
  • Spain is number two in the ranking. Photo: Getty
    Spain is number two in the ranking. Photo: Getty
  • The Netherlands is third on the list. Photo: Getty
    The Netherlands is third on the list. Photo: Getty
  • Finland is the fourth best place to live in. Photo: Alamy
    Finland is the fourth best place to live in. Photo: Alamy
  • Denmark is the fifth best place. Photo: Alamy
    Denmark is the fifth best place. Photo: Alamy
  • The UAE has been named the sixth best place to live globally during the pandemic. It has climbed nine places since the last rankings in August, from the 15th slot. Khushnum Bhandari / The National
    The UAE has been named the sixth best place to live globally during the pandemic. It has climbed nine places since the last rankings in August, from the 15th slot. Khushnum Bhandari / The National
  • France is number 7. Photo: iStockphoto.com
    France is number 7. Photo: iStockphoto.com
  • Switzerland is number 8. Photo: Alamy
    Switzerland is number 8. Photo: Alamy
  • Canada is number 9. Photo: Getty
    Canada is number 9. Photo: Getty
  • Norway is number 10. The ranking of 53 countries is a monthly snapshot of where the virus is being handled the most effectively with the least social and economic upheaval, according to Bloomberg. Photo: Vegard Giskehaug / The National
    Norway is number 10. The ranking of 53 countries is a monthly snapshot of where the virus is being handled the most effectively with the least social and economic upheaval, according to Bloomberg. Photo: Vegard Giskehaug / The National

UAE the sixth best place to live globally during the pandemic, according to ranking


Gillian Duncan
  • English
  • Arabic

The UAE has been named the sixth best place to live globally during the pandemic in a new ranking.

It has climbed nine places since the last Bloomberg Covid Resilience Rankings in August, from the 15th slot.

Ireland is the best place in the world to live right now, followed by Spain, the Netherlands, Finland and Denmark, according to the list.

Together with the UAE, France, Switzerland, Canada and Norway round out the top 10.

Top 10 best places to live in the world during coronavirus

  1. Ireland
  2. Spain
  3. Netherlands
  4. Finland
  5. Denmark
  6. UAE
  7. France
  8. Switzerland
  9. Canada
  10. Norway
An Emirati woman watches the 360-degree video display at the Israeli Pavilion at Expo 2020 Dubai on September 27, 2021 in Dubai. Getty Images
An Emirati woman watches the 360-degree video display at the Israeli Pavilion at Expo 2020 Dubai on September 27, 2021 in Dubai. Getty Images

The UAE’s score was 74.7, with 92.3 per cent of the population vaccinated, according to Bloomberg figures – the highest rate in the world.

The country also has among the fewest Covid-19 restrictions of the 53 countries, according to the ranking.

The improvement was due to “less stringent restrictions amid falling cases and deaths,” said Bloomberg.

Its ranking of 53 countries is a “monthly snapshot of where the virus is being handled the most effectively with the least social and economic upheaval”.

It is compiled using 12 factors, including virus containment; the quality of healthcare; vaccination coverage; overall mortality and progress toward restarting travel and easing border curbs.

New Zealand, which led the list last November, tumbled to 29th place in August and has fallen further to 38th place in the latest survey, below countries such as the UK, Germany, Brazil and the US. The country recorded 45 new Covid-19 cases in the community on Wednesday, a significant rise in recent days.

“A Delta incursion after months virus-free has left the country in varying degrees of lockdown, still seeking to stamp out infections as it strives to boost vaccination levels,” said Bloomberg.

Ireland achieved the top spot with a resilience score of 79.4 thanks to its high vaccination coverage, at more than 90 per cent of the adult population, and the decision to allow more “social activity” to resume safely.

“Ireland rose three places from August thanks to one of the world’s best vaccination rates, projections for a rapid economic rebound and the government’s decision this month to loosen both domestic restrictions as well as travel quarantine rules,” said Bloomberg.

The Philippines is currently the world’s worst place to live, according to the ranking.

It dropped to number 53 after facing the onslaught of the Delta variant, which has hit South-East Asia particularly hard. This was coupled with difficulties containing the more contagious strain and slow vaccination rollouts.

The authors stress the list is “not the final verdict”.

The next six months will be key, as the temperature drops across Europe, the US and elsewhere in the northern hemisphere, they said.

“Winter in the northern hemisphere will be the real next big test to see how effective high levels of vaccination have been,” Peter Collignon, a professor of infectious diseases at the Australian National University Medical School in Canberra, said.

UAE continues to roll out vaccines at a rapid pace - in pictures

  • The UAE continues to distribute vaccines at a rapid pace. AFP
    The UAE continues to distribute vaccines at a rapid pace. AFP
  • Dubai residents waiting to receive their first dose of Sinopharm's Covid-19 vaccine in Jebel Ali. Pawan Singh / The National
    Dubai residents waiting to receive their first dose of Sinopharm's Covid-19 vaccine in Jebel Ali. Pawan Singh / The National
  • The Emirates Group launched a Covid-19 vaccination programme for staff in the UAE in January. Photo: The Emirates Group
    The Emirates Group launched a Covid-19 vaccination programme for staff in the UAE in January. Photo: The Emirates Group
  • Khalifa bin Dary, executive director of Dubai Ambulance Services Corporation, receives his first dose of the Pfizer-BioNTech's Covid-19 vaccine. Photo: Dubai Media Office
    Khalifa bin Dary, executive director of Dubai Ambulance Services Corporation, receives his first dose of the Pfizer-BioNTech's Covid-19 vaccine. Photo: Dubai Media Office
  • Abdullah Al Falasi, director general of Dubai Government Human Resources Department, receives his first dose. Photo: Dubai Media Office
    Abdullah Al Falasi, director general of Dubai Government Human Resources Department, receives his first dose. Photo: Dubai Media Office
  • A billboard on Sheikh Zayed Road thanks volunteers for the Covid-19 vaccine trials being conducted in the UAE. Antonie Robertson / The National
    A billboard on Sheikh Zayed Road thanks volunteers for the Covid-19 vaccine trials being conducted in the UAE. Antonie Robertson / The National
  • A woman receives a dose of the Pfizer-BioNTech Covid-19 vaccine at Zabeel Health Centre. EPA
    A woman receives a dose of the Pfizer-BioNTech Covid-19 vaccine at Zabeel Health Centre. EPA
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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. 

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Name: Peter Dicce

Title: Assistant dean of students and director of athletics

Favourite sport: soccer

Favourite team: Bayern Munich

Favourite player: Franz Beckenbauer

Favourite activity in Abu Dhabi: scuba diving in the Northern Emirates 

 

Updated: September 29, 2021, 2:19 PM