• A man wears a face mask in Al Jadaf area in Dubai. Pawan Singh / The National
    A man wears a face mask in Al Jadaf area in Dubai. Pawan Singh / The National
  • A shopkeeper lights coal to burn incense to attract customers to his shop in Dubai's Spice Souq. Antonie Robertson / The National
    A shopkeeper lights coal to burn incense to attract customers to his shop in Dubai's Spice Souq. Antonie Robertson / The National
  • A shopkeeper in Deira Souq. He fills a bag with tea leaves that he hopes to sell to tourists. Antonie Robertson / The National
    A shopkeeper in Deira Souq. He fills a bag with tea leaves that he hopes to sell to tourists. Antonie Robertson / The National
  • Men talk at the Abra station near the Spice Souq. Antonie Robertson / The National
    Men talk at the Abra station near the Spice Souq. Antonie Robertson / The National
  • An almost empty street in Deira Souq. Antonie Robertson / The National
    An almost empty street in Deira Souq. Antonie Robertson / The National
  • Pedestrians wait to cross Baniyas Street in Deira. Antonie Robertson / The National
    Pedestrians wait to cross Baniyas Street in Deira. Antonie Robertson / The National
  • A sign at the Old Souq Abra Station in Deira reminds people to wear a mask. Antonie Robertson / The National
    A sign at the Old Souq Abra Station in Deira reminds people to wear a mask. Antonie Robertson / The National
  • People step off an abra in Dubai. Antonie Robertson / The National
    People step off an abra in Dubai. Antonie Robertson / The National

Coronavirus: UAE reports 3,498 new cases and 16 deaths


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The UAE reported 3,498 cases of Covid-19 on Friday, increasing the overall number of infections to 385,160.

Officials said 2,478 patients beat the virus in the past 24 hours. The recovery tally now stands at 377,537.

Sixteen patients died owing to health complications, taking the death toll to 1,198.

Another 187,176 tests were carried out. More than 30.2 million tests have been conducted since the beginning of the outbreak.

There are 6,425 active cases in the country.

Health authorities said 87,263 vaccines were distributed in the past 24 hours.

As of Friday, 5,933,299 doses of vaccine had been administered to the public, representing 59.99 doses per 100 people.

Currently, a team of experts from Khalifa University, UAE University, Abu Dhabi Health Services Company, Dubai Health Authority and the University of Sharjah are studying why the effects of Covid-19 are severe in some people.

They are investigating whether a person's genes and proteins make them more susceptible to developing serious complications.

In other developments, all schools and nurseries in Sharjah will continue distance learning for the rest of the spring term.

The decision to extend remote learning until March 25 was made to keep pupils safe, authorities said.

Classroom lessons were originally suspended for at least two weeks in mid-February to curb the spread of Covid-19.

But Sharjah’s emergency, crisis and disaster management team and education authorities decided that it was not yet safe to resume in-person learning.

NATIONAL%20SELECTIONS
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Dhadak

Director: Shashank Khaitan

Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana

Stars: 3

The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

Emirates exiles

Will Wilson is not the first player to have attained high-class representative honours after first learning to play rugby on the playing fields of UAE.

Jonny Macdonald
Abu Dhabi-born and raised, the current Jebel Ali Dragons assistant coach was selected to play for Scotland at the Hong Kong Sevens in 2011.

Jordan Onojaife
Having started rugby by chance when the Jumeirah College team were short of players, he later won the World Under 20 Championship with England.

Devante Onojaife
Followed older brother Jordan into England age-group rugby, as well as the pro game at Northampton Saints, but recently switched allegiance to Scotland.

RESULTS
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All%20We%20Imagine%20as%20Light
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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

Company%20profile
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