North Korea test fires a newly developed new-type tactical guided projectile at an undisclosed location. KCNA via AP
North Korea test fires a newly developed new-type tactical guided projectile at an undisclosed location. KCNA via AP
North Korea test fires a newly developed new-type tactical guided projectile at an undisclosed location. KCNA via AP
North Korea test fires a newly developed new-type tactical guided projectile at an undisclosed location. KCNA via AP

North Korea says Biden administration took wrong first step over latest missile test


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North Korea has said that the administration of US President Joe Biden had taken a wrong first step and revealed "deep-seated hostility" by criticising its "defensive" missile test.

North Korea on Thursday claimed it had launched a new type of tactical short-range ballistic missile. Mr Biden said the test violated UN Security Council resolutions but said he remained open to diplomacy with Pyongyang.

Ri Pyong-chol, secretary of North Korea's ruling Worker's Party's Central Committee, said the missile test was in self-defence against threats posed by South Korea and the US with their joint military exercises and advanced weapons.

"We express our deep apprehension over the US chief executive faulting the regular test-fire exercise of our state's right to self-defence as a violation of UN 'resolutions' and openly revealing his deep-seated hostility," Mr Ri said in a statement carried by the official KCNA news agency.

Mr Biden's remarks were an "undisguised encroachment on our state's right to self-defence and a provocation," he said, adding Washington might face "something that is not good" if it continues to make "thoughtless remarks".

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"I think that the new US administration obviously took its first step wrong," Mr Ri said.

He accused the Biden administration of "exploiting every opportunity" to provoke Pyongyang by branding it as a "security threat".

The test came days after US Secretary of State Antony Blinken vowed to work to denuclearise North Korea and criticised its "systemic and widespread" human rights abuses during his visit in Seoul with Defence Secretary Lloyd Austin.

North Korea has also slammed the South Korea-US military exercises that ended last week, even though they were repeatedly scaled back to allow for a restart of denuclearisation talks with Pyongyang.

Mr Ri said Washington insisted on a "gangster-like logic" in bringing strategic nuclear assets to South Korea and testing intercontinental ballistic missiles at its convenience, but banning North Korea from testing even a tactical weapon.

"We cannot but build invincible physical power for reliably defending the security of our state under the present situation in which South Korea and the United States constantly pose military threats ... while persistently conducting dangerous war exercises and introducing advanced weapons," he said.

The White House, which said its North Korea policy review was in the "final stages", declined to comment. The State Department did not immediately respond to a request for comment.

But when asked earlier about the launch and whether it would affect the policy review, department spokeswoman Jalina Porter once again condemned the test as "destabilising".

"North Korea's unlawful nuclear and ballistic missile programmes constitute serious threats to international peace and security," she said.

"I can't underscore enough that the president and his security team are continuing to assess the situation and one of our greatest priorities right now is ensuring that we're on the same page as our allies and partners."

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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Marathon results

Men:

 1. Titus Ekiru(KEN) 2:06:13 

2. Alphonce Simbu(TAN) 2:07:50 

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4. Abel Kirui(KEN) 2:08:46 

5. Felix Kemutai(KEN) 2:10:48  

Women:

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2. Eunice Chumba(BHR) 2:26:01 

3. Immaculate Chemutai(UGA) 2:28:30 

4. Abebech Bekele(ETH) 2:29:43 

5. Aleksandra Morozova(RUS) 2:33:01