Holbrooke plans stopover in UAE


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ABU DHABI // Richard Holbrooke, the US special representative for Afghanistan and Pakistan, is due to visit the capital next week for high-level meetings on the troubled region, the Ministry of Foreign Affairs has confirmed. The US Embassy in Abu Dhabi said Mr Holbrooke would be in the country on Monday and Tuesday en route to Afghanistan and Pakistan, but did not provide further details. He is reportedly visiting for a meeting of envoys and special representatives for the countries.

The meeting will be attended by Dr Rangin Spanta, the Afghan foreign minister, and his Pakistani counterpart, Shah Mahmood Qureshi, Foreign Policy magazine reported. "The UAE is seen as a platform for foreign-policy discussions regarding the countries of South-West Asia, Iran, Afghanistan and Pakistan," said Dr Theodore Karasik, the head of research at the Dubai-based Institute for Near East and Gulf Military Analysis, explaining that the UAE was "neutral ground and very secure".

Mr Holbrooke's visit to Pakistan comes amid a period of renewed strain between the two countries. The US is keen to see the country step up its fight against the insurgency in its border region and has tied billions in aid to its efforts. But tensions have arisen over US drone attacks and delays over Pakistani visas for hundreds of officials. "In Pakistan, he will call on leadership, continue dialogue, and look for ways we can emphasise Pakistan assistance and address concerns," a spokesman for Mr Holbrooke's office told Foreign Policy. In Afghanistan, he will focus on training Afghan national security forces.

lmorris@thenational.ae

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Starring: Janhvi Kapoor, Ishaan Khattar, Ashutosh Rana

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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.

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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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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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