• Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Ahmed bin Saeed, president of the Department of Civil Aviation and chief executive and chairman of Emirates Group, arrive at a Sea Palace barza. All photos: UAE Presidential Court
    Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Ahmed bin Saeed, president of the Department of Civil Aviation and chief executive and chairman of Emirates Group, arrive at a Sea Palace barza. All photos: UAE Presidential Court
  • President Sheikh Mohamed receives Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, during a Sea Palace barza
    President Sheikh Mohamed receives Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, during a Sea Palace barza
  • President Sheikh Mohamed receives Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai
    President Sheikh Mohamed receives Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai
  • Sheikh Tahnoun bin Mohammed, Ruler's Representative in Al Ain Region, speaks with Sheikh Saif bin Mohammed during a Sea Palace barza
    Sheikh Tahnoun bin Mohammed, Ruler's Representative in Al Ain Region, speaks with Sheikh Saif bin Mohammed during a Sea Palace barza
  • Sheikh Saif bin Zayed, Deputy Prime Minister and Minister of Interior, and Sheikh Ahmad bin Saud, fifth right, attend a Sea Palace barza
    Sheikh Saif bin Zayed, Deputy Prime Minister and Minister of Interior, and Sheikh Ahmad bin Saud, fifth right, attend a Sea Palace barza
  • President Sheikh Mohamed receives Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, during a Sea Palace barza. Seen with Sheikh Saif bin Mohammed; Sheikh Tahnoun bin Mohammed, Ruler's Representative in Al Ain Region; Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah; and Sheikh Mohammed bin Saud Al Qasimi, Crown Prince of Ras Al Khaimah
    President Sheikh Mohamed receives Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, during a Sea Palace barza. Seen with Sheikh Saif bin Mohammed; Sheikh Tahnoun bin Mohammed, Ruler's Representative in Al Ain Region; Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah; and Sheikh Mohammed bin Saud Al Qasimi, Crown Prince of Ras Al Khaimah
  • Sheikh Nahyan bin Mubarak, Minister of Tolerance and Coexistence, and Sheikh Sultan bin Tahnoun, chairman of the board of the Frontline Heroes Office, attend a Sea Palace barza
    Sheikh Nahyan bin Mubarak, Minister of Tolerance and Coexistence, and Sheikh Sultan bin Tahnoun, chairman of the board of the Frontline Heroes Office, attend a Sea Palace barza
  • President Sheikh Mohamed receives Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, during a Sea Palace barza
    President Sheikh Mohamed receives Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, during a Sea Palace barza
  • Sheikh Ahmad bin Saud and Sheikh Saif bin Zayed, Deputy Prime Minister and Minister of Interior, attend a Sea Palace barza
    Sheikh Ahmad bin Saud and Sheikh Saif bin Zayed, Deputy Prime Minister and Minister of Interior, attend a Sea Palace barza
  • President Sheikh Mohamed receives Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai
    President Sheikh Mohamed receives Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai
  • Sheikh Hamdan bin Zayed, Ruler’s Representative in Al Dhafra Region, speaks with Sheikh Ahmed bin Saeed, president of the Department of Civil Aviation and chief executive and chairman of the Emirates Group, during a Sea Palace barza
    Sheikh Hamdan bin Zayed, Ruler’s Representative in Al Dhafra Region, speaks with Sheikh Ahmed bin Saeed, president of the Department of Civil Aviation and chief executive and chairman of the Emirates Group, during a Sea Palace barza
  • Sheikh Zayed bin Tahnoun attends a Sea Palace barza
    Sheikh Zayed bin Tahnoun attends a Sea Palace barza

UAE

Government

President Sheikh Mohamed meets Rulers of Dubai and Ras Al Khaimah

Head of State discusses country's development plan and praises Sultan Al Neyadi during talks in Abu Dhabi

The National

September 05, 2023

  • English
  • Arabic

President Sheikh Mohamed on Tuesday discussed the UAE's development journey during high-level talks with Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, and Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah.

The leaders gathered at Qasr Al Bahr in Abu Dhabi to review the nation's future aspirations and efforts to further advance the wellbeing of its people, state news agency Wam reported.

They congratulated history-making astronaut Sultan Al Neyadi on his safe return from his six-month stay aboard the International Space Station.

The three men offered their thanks to all who contributed to the success of the landmark journey, which was the longest space mission ever undertaken in the Arab world.

Dr Al Neyadi also broke new ground by becoming the first Arab astronaut to take part in a spacewalk.

Dr Al Neyadi and three fellow astronauts arrived back on Earth on Monday, after departing the International Space Station 17 hours earlier.

The SpaceX Dragon capsule carrying them splashed down off the coast of Jacksonville, Florida, at 8.17am UAE time.

The meeting was attended by a number of sheikh's, ministers and officials, including Sheikh Mohammed bin Saud Al Qasimi, Crown Prince of Ras Al Khaimah, Sheikh Saif bin Zayed, Deputy Prime Minister and Minister of the Interior, Sheikh Abdullah bin Zayed, Minister of Foreign Affairs and Sheikh Ahmed bin Saeed, president of Dubai Civil Aviation Authority and chairman and chief executive of Emirates Airline and Group.

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea
Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Hoopla%3Cbr%3E%3Cstrong%3EDate%20started%3A%20%3C%2Fstrong%3EMarch%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Jacqueline%20Perrottet%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2010%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%3Cbr%3E%3Cstrong%3EInvestment%20required%3A%3C%2Fstrong%3E%20%24500%2C000%3C%2Fp%3E%0A
LIVING IN...

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.

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

COMPANY%20PROFILE%20
%3Cp%3EName%3A%20DarDoc%3Cbr%3EBased%3A%20Abu%20Dhabi%3Cbr%3EFounders%3A%20Samer%20Masri%2C%20Keswin%20Suresh%3Cbr%3ESector%3A%20HealthTech%3Cbr%3ETotal%20funding%3A%20%24800%2C000%3Cbr%3EInvestors%3A%20Flat6Labs%2C%20angel%20investors%20%2B%20Incubated%20by%20Hub71%2C%20Abu%20Dhabi's%20Department%20of%20Health%3Cbr%3ENumber%20of%20employees%3A%2010%3C%2Fp%3E%0A
While you're here
Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

While you're here
Other acts on the Jazz Garden bill

Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.

'Laal Kaptaan'

Director: Navdeep Singh

Stars: Saif Ali Khan, Manav Vij, Deepak Dobriyal, Zoya Hussain

Rating: 2/5

The%20specs%20
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E261hp%20at%205%2C500rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E400Nm%20at%201%2C750-4%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.5L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh129%2C999%20(VX%20Luxury)%3B%20from%20Dh149%2C999%20(VX%20Black%20Gold)%3C%2Fp%3E%0A
If you go

The flights

There are direct flights from Dubai to Sofia with FlyDubai (www.flydubai.com) and Wizz Air (www.wizzair.com), from Dh1,164 and Dh822 return including taxes, respectively.

The trip

Plovdiv is 150km from Sofia, with an hourly bus service taking around 2 hours and costing $16 (Dh58). The Rhodopes can be reached from Sofia in between 2-4hours.

The trip was organised by Bulguides (www.bulguides.com), which organises guided trips throughout Bulgaria. Guiding, accommodation, food and transfers from Plovdiv to the mountains and back costs around 170 USD for a four-day, three-night trip.

 

Updated: September 05, 2023, 5:56 PM
Sheikh Mohamed bin ZayedUAESpace