President Sheikh Mohamed has sent messages of congratulations to kings, emirs and presidents across the Arab world on the eve of Eid Al Adha.
The UAE leader called for the continued progress, prosperity and stability of their nations and people, state news agency Wam reported on Tuesday.
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Mansour bin Zayed, Vice President, Deputy Prime Minister and Minister of the Presidential Court, sent similar messages to leaders across the region.
Millions of Muslims around the world will mark the start of Eid Al Adha on Wednesday.
Many will begin the day by attending morning prayers at mosques, sharing festive joy with friends and family while reflecting on their faith.
This year's Eid Al Adha will be the first to be held without Covid-19 restrictions since 2019.
Eid Al Adha – the “festival of the sacrifice” – is marked during Dhu Al Hijjah, the 12th and final month of the Islamic calendar, which began on Monday, June 19. It is also the time the annual Hajj pilgrimage is performed.
Dhu Al Hijjah is considered one of the four sacred months for Muslims, called Al Ashhur Al Hurom.
Sheikh Mohamed earlier exchanged Eid Al Adha greetings during phone conversations with leaders of countries in the region.
During the calls, Sheikh Mohamed sent his best wishes with Sultan Haitham of Oman, King Hamad of Bahrain and Jordan's King Abdullah II.
The leaders expressed wishes for good health and happiness to all and the well-being of their countries and people, state news agency Wam reported.
They also expressed their shared wish that stability and prosperity would prevail in Arab and Muslim nations around the world.
Eid Al Adha 2023 - in pictures
Eid Al Adha lights along the Corniche in Abu Dhabi. Victor Besa / The National
Eid Al Adha lights along Sheikh Rashid Bin Saeed Street in Abu Dhabi. Victor Besa / The National
Eid Al Adha lights along Sheikh Rashid Bin Saeed Street in Abu Dhabi. Victor Besa / The National
Eid Al Adha lights at Al Wahda Mall in Abu Dhabi. Victor Besa / The National
Eid Al Adha lights along the Corniche in Abu Dhabi. Victor Besa / The National
Sacrificial animals displayed for sale at cattle market in Dubai ahead of Eid Al Adha. EPA
During Eid Al Adha, Muslims slaughter a sacrificial animal and divide the meat into three parts. EPA
One part of the meat is reserved for the family, the second is given to friends, and the third is donated to the poor and needy. EPA
Eid Al Adha decor at the Yas Mall in Abu Dhabi. Victor Besa / The National
Eid Al Adha decor at the Yas Mall in Abu Dhabi. Victor Besa / The National
Eid Al Adha decor at the Yas Mall in Abu Dhabi. Victor Besa / The National
Eid Al Adha decorations displayed at Lulu Hypermarket, Abu Dhabi. Khushnum Bhandari / The National
Eid Al Adha decorations displayed at Lulu Hypermarket, Abu Dhabi. Khushnum Bhandari / The National
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
Tenants also require a letter of no objection from their landlord before being allowed to list the property.
There is a cost of Dh1,590 before starting the process, with an additional licence fee of Dh300 per bedroom being rented in your home for the duration of the rental, which ranges from three months to a year.
Anyone hoping to list a property for rental must also provide a copy of their title deeds and Ejari, as well as their Emirates ID.
Cast: Nayanthara, Siddharth, Meera Jasmine, R Madhavan
Star rating: 2/5
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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Bookshops: A Reader's History by Jorge Carrión (translated from the Spanish by Peter Bush),
Biblioasis
TWISTERS
Director: Lee Isaac Chung
Starring: Glen Powell, Daisy Edgar-Jones, Anthony Ramos
1: Commit to countering all types of terrorism and extremism in all their manifestations
2: Denounce violence and the rhetoric of hatred
3: Adhere to the full compliance with the Riyadh accord of 2014 and the subsequent meeting and executive procedures approved in 2014 by the GCC
4: Comply with all recommendations of the Summit between the US and Muslim countries held in May 2017 in Saudi Arabia.
5: Refrain from interfering in the internal affairs of countries and of supporting rogue entities.
6: Carry out the responsibility of all the countries with the international community to counter all manifestations of extremism and terrorism that threaten international peace and security
