• Yas Waterworld in Abu Dhabi reopened in August last year after a five-month closure. Victor Besa / The National
    Yas Waterworld in Abu Dhabi reopened in August last year after a five-month closure. Victor Besa / The National
  • People fish using social distancing precautions by Business Bay Bridge in Dubai. Reem Mohammed / The National
    People fish using social distancing precautions by Business Bay Bridge in Dubai. Reem Mohammed / The National
  • Volunteers for the Covid-19 vaccine trial wait to be screened at Abu Dhabi National Exhibition Centre in August 2020. Victor Besa / The National
    Volunteers for the Covid-19 vaccine trial wait to be screened at Abu Dhabi National Exhibition Centre in August 2020. Victor Besa / The National
  • A man buys balloons at Al Wahda Mall in Abu Dhabi. All shops and malls have safety measures in place to protect shoppers and staff. Victor Besa / The National
    A man buys balloons at Al Wahda Mall in Abu Dhabi. All shops and malls have safety measures in place to protect shoppers and staff. Victor Besa / The National
  • Shoppers maintain physical distancing and wear face masks at Al Wahda Mall. Victor Besa / The National
    Shoppers maintain physical distancing and wear face masks at Al Wahda Mall. Victor Besa / The National
  • A shopper looks at face masks at Lulu Hypermarket, Khalidiyah Mall, Abu Dhabi. Victor Besa / The National
    A shopper looks at face masks at Lulu Hypermarket, Khalidiyah Mall, Abu Dhabi. Victor Besa / The National
  • Volunteers for the Covid-19 vaccine trial wait to be screened at Abu Dhabi National Exhibition Centre in August 2020. Victor Besa / The National
    Volunteers for the Covid-19 vaccine trial wait to be screened at Abu Dhabi National Exhibition Centre in August 2020. Victor Besa / The National
  • A sign reminds people visiting The Pointe shopping centre on The Palm Jumeirah, Dubai, to wear face masks. Chris Whiteoak / The National
    A sign reminds people visiting The Pointe shopping centre on The Palm Jumeirah, Dubai, to wear face masks. Chris Whiteoak / The National
  • Dubai residents wear face masks during their evening walk in The Gardens. Pawan Singh / The National
    Dubai residents wear face masks during their evening walk in The Gardens. Pawan Singh / The National
  • Socially distanced maghrib prayers in Al Khair Masjid in Dubai in July 2020. Reem Mohammed / The National
    Socially distanced maghrib prayers in Al Khair Masjid in Dubai in July 2020. Reem Mohammed / The National
  • Visitors to Al Wahda Mall wear face masks. Victor Besa / The National
    Visitors to Al Wahda Mall wear face masks. Victor Besa / The National

UAE reports 2,759 Covid-19 cases in 10-month high


  • English
  • Arabic

The UAE recorded 2,759 new Covid-19 cases on Sunday, its highest daily tally since March 4.

The latest infections took the overall total to 785,625.

Another 913 people overcame the virus, taking the recovery tally to 753,033.

One person died during the 24-hour reporting period, taking the death toll to 2,174.

The number of active cases has risen to 30,418.

The latest cases were identified as a result of an additional 469,401 PCR tests on one of the biggest screening days to date.

More than 115 million tests have been carried out in the country since the outbreak emerged.

Cases have remained above 2,500 for nine days in a row, having fallen below 50 early last month.

Authorities have urged the public to remain committed to safety measures and to receive booster shots of the Covid-19 vaccine if eligible to do so.

Dark Souls: Remastered
Developer: From Software (remaster by QLOC)
Publisher: Namco Bandai
Price: Dh199

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

Asia Cup Qualifier

Final
UAE v Hong Kong

Live on OSN Cricket HD. Coverage starts at 5.30am

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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RESULTS

5pm: Handicap (PA) Dh80,000 (Turf) 2,200m
Winner: Jawal Al Reef, Fernando Jara (jockey), Ahmed Al Mehairbi (trainer)

5.30pm: Handicap (PA) Dh80,000 (T) 1,600m
Winner: AF Seven Skies, Bernardo Pinheiro, Qais Aboud

6pm: Maiden (PA) Dh80,000 (T) 1,200m
Winner: Almahroosa, Fabrice Veron, Eric Lemartinel

6.30pm: Maiden (PA) Dh80,000 (T) 1,200m
Winner: AF Sumoud, Tadhg O’Shea, Ernst Oertel

7pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,200m
Winner: AF Majalis, Tadhg O’Shea, Ernst Oertel

7.30pm: Handicap (TB) Dh90,000 (T) 1,400m
Winner: Adventurous, Sandro Paiva, Ali Rashid Al Raihe

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

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Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

THE SPECS

      

 

Engine: 1.5-litre

 

Transmission: 6-speed automatic

 

Power: 110 horsepower 

 

Torque: 147Nm 

 

Price: From Dh59,700 

 

On sale: now  

 
UAE Team Emirates

Valerio Conti (ITA)
Alessandro Covi (ITA)
Joe Dombrowski (USA)
Davide Formolo (ITA)
Fernando Gaviria (COL)
Sebastian Molano (COL)
Maximiliano Richeze (ARG)
Diego Ulissi (ITAS)

Stage result

1. Jasper Philipsen (Bel) Alpecin-Fenix 4:42:34

2. Sam Bennett (Irl) Bora-Hansgrohe

3. Elia Viviani (Ita) Ineos Grenadiers

4. Dylan Groenewegen (Ned) BikeExchange-Jayco

5. Emils Liepins (Lat) Trek-Segafredo

6. Arnaud Demare (Fra) Groupama-FDJ

7. Max Kanter (Ger) Movistar Team

8. Olav Kooij (Ned) Jumbo-Visma

9. Tom Devriendt (Bel) Intermarché-Wanty-Gobert Matériaux

10. Pascal Ackermann (Ger) UAE Team Emirate

Temple numbers

Expected completion: 2022

Height: 24 meters

Ground floor banquet hall: 370 square metres to accommodate about 750 people

Ground floor multipurpose hall: 92 square metres for up to 200 people

First floor main Prayer Hall: 465 square metres to hold 1,500 people at a time

First floor terrace areas: 2,30 square metres  

Temple will be spread over 6,900 square metres

Structure includes two basements, ground and first floor 

Updated: January 09, 2022, 10:37 AM