• A woman receives a dose of the Sinopharm Covid-19 vaccine at the Sikh temple in Jebel Ali. All photos: Pawan Singh / The National
    A woman receives a dose of the Sinopharm Covid-19 vaccine at the Sikh temple in Jebel Ali. All photos: Pawan Singh / The National
  • Guru Nanak Darbar Gurudwara in Jebel Ali teamed up with Tamouh Healthcare to provide on-site Sinopharm vaccination for all UAE residents free of charge.
    Guru Nanak Darbar Gurudwara in Jebel Ali teamed up with Tamouh Healthcare to provide on-site Sinopharm vaccination for all UAE residents free of charge.
  • Guru Nanak Darbar hosted an event at the Sikh temple in Dubai to vaccinate 4,500 adults of various nationalities and religions in February.
    Guru Nanak Darbar hosted an event at the Sikh temple in Dubai to vaccinate 4,500 adults of various nationalities and religions in February.
  • A medic administers a shot of Sinopharm vaccine at the temple in Jebel Ali.
    A medic administers a shot of Sinopharm vaccine at the temple in Jebel Ali.
  • People wait to receive a shot of the Sinopharm vaccine at the temple.
    People wait to receive a shot of the Sinopharm vaccine at the temple.

UAE says Covid-19 booster shot 'necessary' amid new waves around globe


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UAE authorities have said that a third Covid-19 vaccine shot is necessary to protect the well-being of residents, as countries around the globe are hit by new waves of the virus.

A government spokesman said the new outbreaks were caused by low adherence to precautionary measures and a low uptake for vaccinations.

Until now, boosters have largely been aimed at people who had the Sinopharm vaccine early on in the inoculation campaign, particularly those who had the shots more than six months ago.

Elderly people and patients with health conditions were also encouraged to take a third shot. Many people vaccinated with Sinopharm also sought Pfizer booster shots for travel purposes.

Before celebrations for the country's 50th national day celebrations, residents were reminded of rules to stay safe during the occasion. These include maintaining a physical distance of 1.5-metres and greeting loved ones from afar. Venues are only allowed to operate at 80 per cent capacity.

The UAE reached a milestone on Tuesday when the number of people fully vaccinated against Covid-19 reached more than 90 per cent of the population.

More than 99 per cent have received at least one dose and areas of the Emirates are gradually seeing a return to normality.

The UAE announced 70 new cases of Covid-19 on Tuesday, which pushed the number of infections since the pandemic began to 741,570.

There were 86 recoveries, bringing the tally of patients who have beaten the coronavirus to 736,333.

No deaths were reported overnight for the eighth day in a row. The death toll remains 2,144.

The UAE has also updated Covid-19 rules for entering the country through its land borders from neighbouring countries with immediate effect.

The protocols apply to citizens and residents of countries that share borders with the Emirates – Saudi Arabia and Oman.

The procedures were announced by the Federal Authority for Identity, Citizenship, Customs and Port Security and the National Authority for Emergency, Crisis and Disaster Management on Tuesday.

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The candidates

Dr Ayham Ammora, scientist and business executive

Ali Azeem, business leader

Tony Booth, professor of education

Lord Browne, former BP chief executive

Dr Mohamed El-Erian, economist

Professor Wyn Evans, astrophysicist

Dr Mark Mann, scientist

Gina MIller, anti-Brexit campaigner

Lord Smith, former Cabinet minister

Sandi Toksvig, broadcaster

 

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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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Takreem Awards winners 2021

Corporate Leadership: Carl Bistany (Lebanon)

Cultural Excellence: Hoor Al Qasimi (UAE)

Environmental Development and Sustainability: Bkerzay (Lebanon)

Environmental Development and Sustainability: Raya Ani (Iraq)

Humanitarian and Civic Services: Women’s Programs Association (Lebanon)

Humanitarian and Civic Services: Osamah Al Thini (Libya)

Excellence in Education: World Innovation Summit for Education (WISE) (Qatar)

Outstanding Arab Woman: Balghis Badri (Sudan)

Scientific and Technological Achievement: Mohamed Slim Alouini (KSA)

Young Entrepreneur: Omar Itani (Lebanon)

Lifetime Achievement: Suad Al Amiry (Palestine)

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Updated: November 24, 2021, 6:54 AM