Rescue personnel search for survivors in a massive landslide in south-west China
Rescue personnel search for survivors in a massive landslide in south-west China
Rescue personnel search for survivors in a massive landslide in south-west China
Rescue personnel search for survivors in a massive landslide in south-west China

Dozens buried by landslide


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Hundreds of rescue workers and volunteers are searching for dozens of people feared buried alive when part of a mountain collapsed in a massive landslide in south-west China, officials said. Seventy-four people were missing after the disaster struck Friday afternoon in an iron ore mining district of the vast Chongqing municipality, a Chongqing government spokesman told a televised news conference.

The figure included 47 miners and 21 local residents. The others were four passers-by and two employees from a telecoms company, spokesman Ai Yang said. Local officials had earlier said 78 were missing. The vice-premier Zhang Dejiang arrived at the site early today to supervise the rescue effort and comfort relatives of the victims, television images showed. Eight people have been rescued from the debris, with three seriously injured and one of those in a critical condition, local officials said. They were all taken to hospital.

The landslide occurred in the remote mountainous region of Jiwei in Wulong district. More than 3.5 million tonnes of mud and rock crashed hundreds of metres down into the valley, burying houses and a working mine, according to estimates quoted by the authorities. Twenty-seven miners were working in the mine at the time of the landslide. Emergency workers were hopeful of rescuing all the miners, unlike victims who were on the surface, who were hit by the debris.

"The important task now is to save the 27 miners," Mr Ai said. About 1,500 people have joined the rescue effort, including volunteers, professional rescue workers and security forces with dogs, to search through the confusion of mud, rocks and debris for more survivors. About 500 rescue workers were dispatched from neighbouring districts to help 400 firefighters, police and other personnel, particularly medical staff, deployed by authorities, according to the local communications department.

The authorities were also concerned about the threat of flooding in the region after the landslide blocked the Wujiang, a tributary of the Yangtze, the official Xinhua news agency said. An investigation has begun into the cause of the disaster, which also cut power lines and communications in several areas. In September last year, at least 277 people were killed in a landslide in the northern province of Shanxi when a reservoir holding mine waste collapsed.

Government investigations found the collapse at the unlicensed mine was a result of negligence and 113 people were punished in connection with the disaster, state media reported in April. China's mining industry is one of the most dangerous in the world. In the latest accident, seven miners were killed in a gas leak at a mine in north-west Xinjiang region, Xinhua said. Official figures show that more than 3,200 workers died in China's notoriously dangerous coal mines last year, but independent observers say the actual figure could be much higher, as many accidents are covered up.

*AFP

The five pillars of Islam
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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Financial considerations before buying a property

Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.

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