• British singer-songwriter Ed Sheeran departs Manhattan Federal Court in New York, on May 4, 2023. - British pop phenom Ed Sheeran did not plagiarize Marvin Gaye's "Let's Get It On" when composing his 2014 hit "Thinking Out Loud," a US jury ruled Thursday. (Photo by TIMOTHY A. CLARY / AFP)
    British singer-songwriter Ed Sheeran departs Manhattan Federal Court in New York, on May 4, 2023. - British pop phenom Ed Sheeran did not plagiarize Marvin Gaye's "Let's Get It On" when composing his 2014 hit "Thinking Out Loud," a US jury ruled Thursday. (Photo by TIMOTHY A. CLARY / AFP)
  • British town crier Tony Appleton, dressed in his costume, travels on the metro to central London, to meet and entertain in an unofficial capacity the people waiting to see the coronation. AFP
    British town crier Tony Appleton, dressed in his costume, travels on the metro to central London, to meet and entertain in an unofficial capacity the people waiting to see the coronation. AFP
  • People search for items to sell at the Alue Liem landfill in Sumatra, Indonesia. AFP
    People search for items to sell at the Alue Liem landfill in Sumatra, Indonesia. AFP
  • Firefighters tackle a blaze at a market in Petionville, Haiti. AFP
    Firefighters tackle a blaze at a market in Petionville, Haiti. AFP
  • Spanish King Felipe VI and Queen Letizia before a gala dinner hosted in honour of Colombia's President Gustavo Petro and the first lady, Veronica Alcocer, at the Royal Palace, in Madrid. AFP
    Spanish King Felipe VI and Queen Letizia before a gala dinner hosted in honour of Colombia's President Gustavo Petro and the first lady, Veronica Alcocer, at the Royal Palace, in Madrid. AFP
  • The flooded Italian village of Borgo di Villanova. At least two people died after 48 hours of almost continuous rain caused flooding in the north of the country, officials said. AFP
    The flooded Italian village of Borgo di Villanova. At least two people died after 48 hours of almost continuous rain caused flooding in the north of the country, officials said. AFP
  • Baltimore Orioles right fielder Anthony Santander runs into a fence as he unsuccessfully tries to catch a two-run home run by Kansas City Royals' Salvador Perez during a baseball game in Kansas City, Missouri. AP
    Baltimore Orioles right fielder Anthony Santander runs into a fence as he unsuccessfully tries to catch a two-run home run by Kansas City Royals' Salvador Perez during a baseball game in Kansas City, Missouri. AP
  • Napoli fans celebrate after winning the Italian football league title, in Naples, Italy. They won their first title since the days when Diego Maradona played for the club, sealing the trophy with a 1-1 draw at Udinese. AP
    Napoli fans celebrate after winning the Italian football league title, in Naples, Italy. They won their first title since the days when Diego Maradona played for the club, sealing the trophy with a 1-1 draw at Udinese. AP
  • An eruption of the Volcan de Fuego, in Guatemala. Authorities have declared an alert due to the increase in eruptions and lava flows in the ravines of the volcano. EPA
    An eruption of the Volcan de Fuego, in Guatemala. Authorities have declared an alert due to the increase in eruptions and lava flows in the ravines of the volcano. EPA
  • Russian troops rehearse for the annual military parade, part of Victory Day celebrations, in Moscow. Russia is preparing to mark on May 9 the 78th anniversary of Nazi Germany's unconditional surrender in the Second World War. EPA
    Russian troops rehearse for the annual military parade, part of Victory Day celebrations, in Moscow. Russia is preparing to mark on May 9 the 78th anniversary of Nazi Germany's unconditional surrender in the Second World War. EPA
  • The city centre in Hatay, Turkey, after debris from buildings destroyed by February's earthquake was cleared. EPA
    The city centre in Hatay, Turkey, after debris from buildings destroyed by February's earthquake was cleared. EPA
  • London, with the Tower Bridge in the foreground, in the lead up to the coronation ceremony for King Charles and Queen Consort Camilla. Reuters
    London, with the Tower Bridge in the foreground, in the lead up to the coronation ceremony for King Charles and Queen Consort Camilla. Reuters

World

Today's best photos: from Ed Sheeran's court win to London Tower Bridge

The National picks the most striking images from around the world

The National

May 05, 2023

  • English
  • Arabic

More from The National:

Thursday's best photos: From a planet's death to US writers' strike

Wednesday best photos: From dress rehearsal for the coronation to a Colombian volcano

Tuesday's best photos: From Jared Leto as Lagerfeld's cat to a gazelle on Saadiyat

Monday's best photos: From Morris dancers to rescued turtles in Indonesia

Sunday's best photos: From visitors at the Great Wall of China to the Pope in Hungary

Saturday's best photos: From 'Floating Earth' in Liverpool to Gathering of Nations

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

While you're here
More on Turkey's Syria offence

PFA Team of the Year: David de Gea, Kyle Walker, Jan Vertonghen, Nicolas Otamendi, Marcos Alonso, David Silva, Kevin De Bruyne, Christian Eriksen, Harry Kane, Mohamed Salah, Sergio Aguero

Sri Lanka's T20I squad

Thisara Perera (captain), Dilshan Munaweera, Danushka Gunathilaka, Sadeera Samarawickrama, Ashan Priyanjan, Mahela Udawatte, Dasun Shanaka, Sachith Pathirana, Vikum Sanjaya, Lahiru Gamage, Seekkuge Prasanna, Vishwa Fernando, Isuru Udana, Jeffrey Vandersay and Chathuranga de Silva.

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

MATCH INFO

Leeds United 0

Brighton 1 (Maupay 17')

Man of the match: Ben White (Brighton)

Cryopreservation: A timeline
  1. Keyhole surgery under general anaesthetic
  2. Ovarian tissue surgically removed
  3. Tissue processed in a high-tech facility
  4. Tissue re-implanted at a time of the patient’s choosing
  5. Full hormone production regained within 4-6 months

Company Profile 

Founder: Omar Onsi

Launched: 2018

Employees: 35

Financing stage: Seed round ($12 million)

Investors: B&Y, Phoenician Funds, M1 Group, Shorooq Partners

MATCH INFO

Red Star Belgrade v Tottenham Hotspur, midnight (Thursday), UAE

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%3Cp%3E%3Cstrong%3EWest%20Asia%20Premiership%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%0D%3Cbr%3ERunners%20up%3A%20Bahrain%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Premiership%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Jebel%20Ali%20Dragons%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Hurricanes%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Division%201%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Sharks%0D%3Cbr%3ERunners%20up%3A%20Abu%20Dhabi%20Harlequins%20II%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EUAE%20Division%202%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%20III%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Sharks%20II%0D%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDubai%20Sevens%3C%2Fstrong%3E%0D%3Cbr%3EChampions%3A%20Dubai%20Tigers%0D%3Cbr%3ERunners%20up%3A%20Dubai%20Hurricanes%3C%2Fp%3E%0A
Star%20Wars%3A%20Episode%20I%20%E2%80%93%20The%20Phantom%20Menace
%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%20Big%20Ape%20Productions%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20LucasArts%3Cbr%3E%3Cstrong%3EConsoles%3A%3C%2Fstrong%3E%20PC%2C%20PlayStation%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%3C%2Fp%3E%0A
While you're here
Zayed Sustainability Prize
While you're here
Read more
Results

4pm: Al Bastakiya Listed US$300,000 (Dirt) 1,900m; Winner: Emblem Storm, Oisin Murphy (jockey), Satish Seemar (trainer).

4.35pm: Mahab Al Shimaal Group 3 $350,000 (D) 1,200m; Winner: Wafy, Tadhg O’Shea, Satish Seemar.

5.10pm: Nad Al Sheba Turf Group 3 $350,000 (Turf) 1,200m; Winner: Wildman Jack, Fernando Jara, Doug O’Neill.

5.45pm: Burj Nahaar Group 3 $350,000 (D) 1,600m; Winner: Salute The Soldier, Adrie de Vries, Fawzi Nass.

6.20pm: Jebel Hatta Group 1 $400,000 (T) 1,800m; Winner: Barney Roy, William Buick, Charlie Appleby.

6.55pm: Al Maktoum Challenge Round-3 Group 1 $600,000 (D) 2,000m; Winner: Matterhorn, Mickael Barzalona, Salem bin Ghadayer.

7.30pm: Dubai City Of Gold Group 2 $350,000 (T) 2,410m; Winner: Loxley, Mickael Barzalona, Charlie Appleby.

The specs

Engine: 2.0-litre 4-cyl

Power: 153hp at 6,000rpm

Torque: 200Nm at 4,000rpm

Transmission: 6-speed auto

Price: Dh99,000

On sale: now

Updated: May 05, 2023, 1:50 PM
World