Sheikh Theyab bin Mohamed has been appointed as President of the Arab Youth Centre. Photo: Hamad Al Mansoori for the Ministry of Presidential Affairs
Sheikh Theyab bin Mohamed has been appointed as President of the Arab Youth Centre. Photo: Hamad Al Mansoori for the Ministry of Presidential Affairs
Sheikh Theyab bin Mohamed has been appointed as President of the Arab Youth Centre. Photo: Hamad Al Mansoori for the Ministry of Presidential Affairs
Sheikh Theyab bin Mohamed has been appointed as President of the Arab Youth Centre. Photo: Hamad Al Mansoori for the Ministry of Presidential Affairs

UAE

Government

Sheikh Theyab bin Mohamed appointed president of Arab Youth Centre

The centre was established to implement initiatives and programmes that empower the region's young people

The National

August 11, 2022

  • English
  • Arabic

Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has appointed Sheikh Theyab bin Mohamed as president of the Arab Youth Centre, a day before International Youth Day on Friday, August 12.

The Arab Youth Centre was established in 2017 through a Cabinet resolution to implement initiatives and programmes that empower the region’s youth, sharpen their skills and increase their participation and developmental contributions.

Sheikh Theyab, chairman of Abu Dhabi Crown Prince Court and Member of the Executive Council, thanked the UAE Cabinet for its confidence in his abilities.

He said young people represent the region’s wealth, pointing to their capacity to build communities and accelerate the development process.

“The centre will continue its related efforts under the framework of the strategic vision of the UAE’s leadership to empower human resources and will soon launch a range of initiatives, programmes and projects that will focus on achieving a doubled positive impact,” Sheikh Theyab said, news agency Wam reported.

He said the centre will enhance its partnerships with Arab youth ministries and youth organisations to improve their skills in technology, media, content creation and diplomacy.

The Arab Youth Centre was established to empower Arab youth in their respective countries and promote joint Arab youth action, which comprises a range of integrated initiatives, including the Youth Development Delegates in the Arab Region, the Arab Youth Council for Climate Change, the Young Arab Media Leaders Programme, the Technology Fellowship for Arab Youth, the Arab Youth Research Platform, the Youth Solutions Programme and the Young Arab Diplomatic Leaders Programme.

The centre organised in March the Arab Meeting for Young Leaders on the sidelines of the World Government Summit in Dubai, in partnership with the Arab League and with the participation of 15 young ministers and more than 50 leaders, as well as 120 young pioneers in youth action.

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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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