• People move through flood water after a heavy downpour in Zhengzhou city, central China's Henan province on Tuesday, July 20, 2021. Heavy flooding has hit central China following unusually heavy rains, with the subway system in the city of Zhengzhou inundated with rushing water and thousands of residents having to be relocated. (Chinatopix Via AP)
    People move through flood water after a heavy downpour in Zhengzhou city, central China's Henan province on Tuesday, July 20, 2021. Heavy flooding has hit central China following unusually heavy rains, with the subway system in the city of Zhengzhou inundated with rushing water and thousands of residents having to be relocated. (Chinatopix Via AP)
  • Traffic struggles through flooding in Zhengzhou, the capital of China's central Henan province. The banks of rivers are reported to have burst, leaving people in waist-high water.
    Traffic struggles through flooding in Zhengzhou, the capital of China's central Henan province. The banks of rivers are reported to have burst, leaving people in waist-high water.
  • Vehicles are stranded after heavy rain in Zhengzhou, the capital city of China's central Henan province. Weather bureaus said 200mm of rain fell on Zhengzhou in an hour on Tuesday.
    Vehicles are stranded after heavy rain in Zhengzhou, the capital city of China's central Henan province. Weather bureaus said 200mm of rain fell on Zhengzhou in an hour on Tuesday.
  • A Zhengzhou resident, prepared for the worst with a rain cape, on a flooded road.
    A Zhengzhou resident, prepared for the worst with a rain cape, on a flooded road.
  • A woman sitting on a fence in a flooded street following heavy rains in Zhengzhou.
    A woman sitting on a fence in a flooded street following heavy rains in Zhengzhou.
  • Vehicles pass through floodwater in Zhengzhou.
    Vehicles pass through floodwater in Zhengzhou.
  • A man wades past a submerged car following heavy rains in Zhengzhou in central China's Henan province.
    A man wades past a submerged car following heavy rains in Zhengzhou in central China's Henan province.
  • People wade through floodwater in Zhengzhou.
    People wade through floodwater in Zhengzhou.
  • People make their way along a flooded street in Zhengzhou.
    People make their way along a flooded street in Zhengzhou.
  • Residents of Zhengzhou in central China's Henan province, push a van along a flooded street.
    Residents of Zhengzhou in central China's Henan province, push a van along a flooded street.
  • A man wades along a street in Zhengzhou, central China.
    A man wades along a street in Zhengzhou, central China.
  • People struggle through flooded streets following heavy rains in Zhengzhou in China's central Henan province.
    People struggle through flooded streets following heavy rains in Zhengzhou in China's central Henan province.
  • An aerial view shows cars sitting in floodwaters at the entrance of a tunnel after heavy rains hit the city of Zhengzhou in China's central Henan province.
    An aerial view shows cars sitting in floodwaters at the entrance of a tunnel after heavy rains hit the city of Zhengzhou in China's central Henan province.
  • Cars sit in floodwaters following heavy rains, in Zhengzhou in China's central Henan province.
    Cars sit in floodwaters following heavy rains, in Zhengzhou in China's central Henan province.
  • In this photo released by Xinhua News Agency, residents move their belongings across a flooded street in Zhengzhou in central China's Henan province.
    In this photo released by Xinhua News Agency, residents move their belongings across a flooded street in Zhengzhou in central China's Henan province.
  • A man holding a baby wades through a flooded road following heavy rainfall in Zhengzhou, Henan province, China.
    A man holding a baby wades through a flooded road following heavy rainfall in Zhengzhou, Henan province, China.
  • Rescue workers evacuate residents from a flooded residential compound following heavy rainfall in Zhengzhou, Henan province, China
    Rescue workers evacuate residents from a flooded residential compound following heavy rainfall in Zhengzhou, Henan province, China
  • People queue to receive relief goods following a heavy rain in Zhengzhou, in China's Henan province.
    People queue to receive relief goods following a heavy rain in Zhengzhou, in China's Henan province.
  • People ride a front loader as they make their way through a flooded road following heavy rainfall in Zhengzhou, Henan province, China.
    People ride a front loader as they make their way through a flooded road following heavy rainfall in Zhengzhou, Henan province, China.
  • People wade through a flooded street following a heavy rain in Zhengzhou, in China's Henan province.
    People wade through a flooded street following a heavy rain in Zhengzhou, in China's Henan province.
  • People wade through a flooded street following a heavy rain in Zhengzhou, in China's Henan province.
    People wade through a flooded street following a heavy rain in Zhengzhou, in China's Henan province.
  • People riding boats and front loader make their way through a flooded road following heavy rainfall in Zhengzhou, Henan province, China.
    People riding boats and front loader make their way through a flooded road following heavy rainfall in Zhengzhou, Henan province, China.
  • An aerial view shows rescue workers evacuating residents on a flooded road following heavy rainfall in Zhengzhou, Henan province, China.
    An aerial view shows rescue workers evacuating residents on a flooded road following heavy rainfall in Zhengzhou, Henan province, China.
  • This aerial photo taken show a damaged bridge following heavy rains which caused severe flooding in Gongyi in China's central Henan province.
    This aerial photo taken show a damaged bridge following heavy rains which caused severe flooding in Gongyi in China's central Henan province.
  • A truck travels on a flooded road after heavy rainfall in Zhengzhou, Henan province, China.
    A truck travels on a flooded road after heavy rainfall in Zhengzhou, Henan province, China.

China’s Henan braces for more rain as death toll rises to 33


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China’s Henan province is bracing for heavier showers after severe flooding sparked large-scale evacuations and left at least 33 dead.

The death toll includes at least 12 people who were killed when water flooded subway cars in the provincial capital Zhengzhou. Eight remain missing, according to government figures.

Heavy rain is expected on Thursday in parts of Henan as well as neighboring Hebei province, which surrounds Beijing.

Rainfall in the area intensified since Tuesday, with Zhengzhou, a city of 10 million, receiving a year’s worth of rain in just three days. Across Henan, three million people have been affected and as many as 380,000 evacuated as of early Thursday.

The province is home to the world’s biggest production base for iPhones and a major centre for food production and heavy industry.

Pictures published by state media showed large sections of roads submerged in Zhengzhou, while videos on social media showed passengers stuck in flooded subway cars with water up to their shoulders and residents being pulled to safety with ropes from fast-moving floodwaters.

The deluge has, since Tuesday, brought the equivalent of more than eight months’ worth of the city’s average rainfall, and interrupted the operations of at least one global company with manufacturing operations there.

Nissan Motor said it temporarily halted production in Zhengzhou. SAIC Motor, China’s biggest carmaker, said logistics around its factory in Zhengzhou have been affected by the floods in the short term, but the plant had not been damaged.

Meanwhile, Taiwan’s Hon Hai Precision Industry, which owns a huge iPhone production plant in Zhengzhou, said it had activated an emergency response plan but the flooding has had no direct effect on the facility.

Hon Hai’s plant receives components needed to assemble iPhones from global and domestic Chinese suppliers before shipping out the finished products. The flooding struck as the company is preparing to increase output before the launch of Apple’s latest devices towards the end of the year.

State broadcaster CCTV showed residents being rescued in rafts from flooded streets.

One emergency worker carried a baby; a man in an underpass sat on top of his half-submerged car.

The flooding in Henan may also affect China’s food supply. Henan accounts for about a quarter of the wheat harvest and is a major centre for frozen food production.

It's also the home of the world’s biggest pork processor WH Group, which acquired US meat production company Smithfield Food in 2013.

As of late Wednesday, more than 470,000 people and over 55,000 hectares of crops have been affected by the downpours, Xinhua News Agency said, adding the local government had deployed a 76,000-strong search and rescue team.

On Wednesday, rescue workers and authorities continued to work to prevent dam breaches, restore lost power and pump out submerged petrol stations.

China’s military blasted a dam to release floodwaters threatening one of its most heavily populated provinces.

The operation late on Tuesday in the city of Luoyang came after at least 25 people died in Zhengzhou.

President Xi Jinping urged officials to step up disaster relief measures, state broadcaster CCTV reported.

About 260 flights have been cancelled. Inbound flights to Zhengzhou have also been suspended.


Zhengzhou recorded 457.5 millimetres of rain in the 24 hours up to 5pm on Tuesday, the highest since records began for the city of more than 10 million people, Xinhua reported.

That included a record 201.9mm in an hour, from 4pm to 5pm, a record for mainland China. Zhengzhou typically receives average annual precipitation of about 640.8mm.

The record rainfall came shortly after key Chinese cities said homes and factories faced new power failures as historic demand and supply shortages strain energy grids.

To the north of Zhengzhou, the famed Shaolin Temple, known for its Buddhist monks’ mastery of martial arts, was also badly hit.

China experiences regular flooding in summer months, but the growth of cities and conversion of farmland into subdivisions have increased such events.

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

Updated: July 22, 2021, 6:49 AM