Qantas sends expert to check superjumbo


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DUBAI //Qantas Airways has sent an engineer to Dubai to inspect an A380 superjumbo that was diverted after one of its engines was shut down.

The Sydney-London flight carrying 258 passengers and 25 crew landed safely in Dubai early yesterday. The crew had noticed a problem with the amount of oil in one of the plane's four engines.

Passengers who were unable to rebook flights to London yesterday are expected to be able to depart today.

"The vast majority of passengers have been rebooked on to other carriers and a small number will be overnighting in Dubai before travelling to London," said Qantas, the Australian national carrier.

Among those on board was the British actor and comedian Stephen Fry, who shared regular updates about the surprise landing with his 3.3 million followers on Twitter.

"Forced to land in Dubai. An engine has decided not to play," Fry wrote.

Eight hours later, he tweeted: "There is a faint chance that in 4.5 hours time I might get to Munich and then have a scramble to connect for home. Luggage? Ha!"

Another Qantas A380 departing from Singapore suffered an engine problem exactly a year ago yesterday, when oil leaked from a faulty engine pipe and caught fire. A turbine disc was destroyed and pieces of it entered the plane's wing, cutting off systems and almost hitting the cabin.

The airline said last year's incident had no connection to the one yesterday.

Qantas has also been involved in a labour dispute in the past few weeks. It grounded its entire fleet last weekend to put pressure on striking trade unions.

The action left up to 70,000 passengers stranded.

The airline resumed flights on Tuesday after the Australian labour tribunal ordered a halt to all action by the company and unions.

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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West Indies v India - Third ODI

India 251-4 (50 overs)
Dhoni (78*), Rahane (72), Jadhav (40)
Cummins (2-56), Bishoo (1-38)
West Indies 158 (38.1 overs)
Mohammed (40), Powell (30), Hope (24)
Ashwin (3-28), Yadav (3-41), Pandya (2-32)

India won by 93 runs