Certify is looking for a fourth successive win.
Certify is looking for a fourth successive win.
Certify is looking for a fourth successive win.
Certify is looking for a fourth successive win.

Certify looks to make it four in a row at Newmarket


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Certify's bid to hand Godolphin a third successive victory in the Fillies' Mile here today signals the start of a series of Group 1 races for fillies and mares this weekend that will shape the remainder of the season and beyond on at least two continents.

Mahmoud Al Zarooni's filly attempts to follow up the victories of Lyric Of Light and White Moonstone in the past two years.

The trainer is bullish about making it a hat-trick for the Dubai-based operation after the daughter of Elusive Quality put in a quality piece of work on Saturday.

Certify is unbeaten in three runs, and on her most recent start she won the Group 2 May Hill Stakes at Doncaster last month.

There, she underlined he ability to come off a slow pace and that performance makes her a leading candidate for next season's English 1000 Guineas.

"She is learning with her racing and I hope that she will be better again this time," Al Zarooni said. "It looks like a tough race with some nice fillies in the field but I am hopeful of another good run

Tomorrow Newmarket hosts two Group 1 races for fillies, the Cheveley Park Stakes over six furlongs for juveniles and the Sun Chariot Stakes.

Gamilati, the UAE 1000 Guineas winner, is looking to restore her battered reputation for Al Zarooni in the latter race but if Godolphin's older fillies are struggling in England, in America they have had no such problems.

Kiaran McLaughlin saddles It's Tricky in the Beldame Invitational Stakes at Belmont Park for another rematch with Royal Delta late tomorrow night.

Also on the Belmont card, Sheikh Ahmed bin Rashid's Nahrain lines up in the Flower Bowl Stakes for trainer Roger Varian.

Around 2,500 miles away on the West Coast, Santa Anita stages a trio of top-level races that are characterised mainly by the return from suspension of Doug O'Neill. The 44-year-old handler is best known for his association with I'll Have Another, this season's Kentucky Derby and Preakness Stakes winner.

O'Neill's 40-day suspension for a medication transgression two years ago ended yesterday. He was given the suspension for one of his horses testing for too much carbon dioxide at Del Mar.

Although he has his first runners at Santa Anita today, his return to Grade 1 racing will be announced when Wittgenstein takes on 11 others in the Chandelier Stakes on the same track tomorrow.

All of this distaff action only highlights that despite Frankel's prominence as the world's best thoroughbred, 2012 has been carried by fillies and mares.

Next weekend, the field for the Prix de L'Arc de Triomphe is already dominated by fillies, with last year's champion Danedream, Shareta and Snow Fairy lining up.

If Certify wins this afternoon, Godolphin will once again harbour ambitions of taking the first English Classic of next season.

And with the announcement yesterday that Black Caviar, the world's best sprinter, is to remain in training for 2013, next year's stories are already forming.

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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. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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