• Prince Harry and Meghan Markle made their first public appearance together watching the wheelchair tennis at the 2017 Invictus Games in Toronto, Canada, September 2017. Getty Images
    Prince Harry and Meghan Markle made their first public appearance together watching the wheelchair tennis at the 2017 Invictus Games in Toronto, Canada, September 2017. Getty Images
  • Britain's Prince Harry with Meghan Markle announcing their engagement at The Sunken Gardens at Kensington Palace on November 27, 2017. At the time, it was also announced that they would live at Nottingham Cottage in the grounds of Kensington Palace following their marriage. AFP
    Britain's Prince Harry with Meghan Markle announcing their engagement at The Sunken Gardens at Kensington Palace on November 27, 2017. At the time, it was also announced that they would live at Nottingham Cottage in the grounds of Kensington Palace following their marriage. AFP
  • The couple made their first official public engagement together in Nottingham on December 1, 2017 in Nottingham, England. Getty Images
    The couple made their first official public engagement together in Nottingham on December 1, 2017 in Nottingham, England. Getty Images
  • Markle joined her fiancee and his family for a traditional royal Christmas in 2017, seen here after the church service at St Mary Magdalene Church in Sandringham, Norfolk. AFP
    Markle joined her fiancee and his family for a traditional royal Christmas in 2017, seen here after the church service at St Mary Magdalene Church in Sandringham, Norfolk. AFP
  • To begin their 2018 engagements, the couple visited Reprezent 107.3FM in Pop Brixton on January 9 in London, England. Getty Images
    To begin their 2018 engagements, the couple visited Reprezent 107.3FM in Pop Brixton on January 9 in London, England. Getty Images
  • Ahead of their wedding, Meghan Markle and Prince Harry visited all of the countries in Great Britain. Seen here arriving at visit Cardiff Castle on January 18, 2018 in Cardiff, Wales. Getty Images
    Ahead of their wedding, Meghan Markle and Prince Harry visited all of the countries in Great Britain. Seen here arriving at visit Cardiff Castle on January 18, 2018 in Cardiff, Wales. Getty Images
  • Markle took to the crowds at the walkabout events warmly. Getty Images
    Markle took to the crowds at the walkabout events warmly. Getty Images
  • At early events, such as this visit to a street dance class during their visit to Star Hub community and leisure centre in the Tremorfa area of Cardiff, the couple were extremely animated. AFP
    At early events, such as this visit to a street dance class during their visit to Star Hub community and leisure centre in the Tremorfa area of Cardiff, the couple were extremely animated. AFP
  • Meghan Markle's fashion choices made headlines, a favourite was the chic suit she wore for the Endeavour Fund Awards Ceremony at Goldsmiths Hall on February 1, 2018 in London, England. Getty Images
    Meghan Markle's fashion choices made headlines, a favourite was the chic suit she wore for the Endeavour Fund Awards Ceremony at Goldsmiths Hall on February 1, 2018 in London, England. Getty Images
  • Following a January visit to Wales, they visited Scotland in February 2018. Prince Harry and Meghan Markle meet Pony Major Mark Wilkinson and regimental mascot Cruachan IV during a walkabout on the esplanade at Edinburgh Castle. PA
    Following a January visit to Wales, they visited Scotland in February 2018. Prince Harry and Meghan Markle meet Pony Major Mark Wilkinson and regimental mascot Cruachan IV during a walkabout on the esplanade at Edinburgh Castle. PA
  • During the visit, Prince Harry and Meghan Markle attended a reception for young people in the Palace of Holyroodhouse in Edinburgh. AFP
    During the visit, Prince Harry and Meghan Markle attended a reception for young people in the Palace of Holyroodhouse in Edinburgh. AFP
  • The 'Fab Four' as they were known: Prince Harry, Meghan Markle and the Duchess and Duke of Cambridge during the first Royal Foundation Forum in central London. PA
    The 'Fab Four' as they were known: Prince Harry, Meghan Markle and the Duchess and Duke of Cambridge during the first Royal Foundation Forum in central London. PA
  • Meghan Markle meets local school children during a walkabout with Britain's Prince Harry during a visit to Birmingham in March 2018. Reuters
    Meghan Markle meets local school children during a walkabout with Britain's Prince Harry during a visit to Birmingham in March 2018. Reuters
  • The Duke and Duchess of Cambridge, Prince Harry and Meghan Markle, arrive for the Commonwealth Service at Westminster Abbey, London on March 12, 2018. PA
    The Duke and Duchess of Cambridge, Prince Harry and Meghan Markle, arrive for the Commonwealth Service at Westminster Abbey, London on March 12, 2018. PA
  • Ahead of their wedding, the official commemorative china range was unveiled. PA
    Ahead of their wedding, the official commemorative china range was unveiled. PA
  • In March, Prince Harry and Meghan Markle visited Northern Ireland. Getty Images
    In March, Prince Harry and Meghan Markle visited Northern Ireland. Getty Images
  • With the extended royal family at the The Queen's Birthday Party, at the Royal Albert Hall, London. The event was a star-studded concert to celebrate her 92nd birthday on April 21, 2018. Getty Images
    With the extended royal family at the The Queen's Birthday Party, at the Royal Albert Hall, London. The event was a star-studded concert to celebrate her 92nd birthday on April 21, 2018. Getty Images
  • Meghan Markle and her mother, Doria Ragland arrive at Cliveden House Hotel on the National Trust's Cliveden Estate to spend the night before her wedding to Prince Harry on May 18, 2018 in Berkshire, England. Getty Images
    Meghan Markle and her mother, Doria Ragland arrive at Cliveden House Hotel on the National Trust's Cliveden Estate to spend the night before her wedding to Prince Harry on May 18, 2018 in Berkshire, England. Getty Images
  • Ahead of their wedding, Markle's father, Thomas Markle, spoke regularly to US press and fell ill, so was unable to attend the wedding and walk her down the aisle. However, she arrived for her nuptials with mother, Doria Ragland. AFP
    Ahead of their wedding, Markle's father, Thomas Markle, spoke regularly to US press and fell ill, so was unable to attend the wedding and walk her down the aisle. However, she arrived for her nuptials with mother, Doria Ragland. AFP
  • Britain's Prince Harry, Duke of Sussex and his wife Meghan, Duchess of Sussex leave from the West Door of St George's Chapel, Windsor Castle, in Windsor on May 19, 2018 in Windsor, England. Getty Images
    Britain's Prince Harry, Duke of Sussex and his wife Meghan, Duchess of Sussex leave from the West Door of St George's Chapel, Windsor Castle, in Windsor on May 19, 2018 in Windsor, England. Getty Images
  • Duchess of Sussex and Prince Harry, Duke of Sussex wave as they leave Windsor Castle after their wedding to attend an evening reception at Frogmore House, hosted by the Prince of Wales on May 19, 2018 in Windsor, England. Getty Images
    Duchess of Sussex and Prince Harry, Duke of Sussex wave as they leave Windsor Castle after their wedding to attend an evening reception at Frogmore House, hosted by the Prince of Wales on May 19, 2018 in Windsor, England. Getty Images
  • Following their wedding and honeymoon, which was speculated to be in Namibia, Rwanda or Botswana, they were back to royal life at the Queen's Birthday Parade, 'Trooping the Colour' on Horseguards parade in London on June 9, 2018. AFP
    Following their wedding and honeymoon, which was speculated to be in Namibia, Rwanda or Botswana, they were back to royal life at the Queen's Birthday Parade, 'Trooping the Colour' on Horseguards parade in London on June 9, 2018. AFP
  • The newlyweds appeared on the balcony with the extended royal family. Wenn
    The newlyweds appeared on the balcony with the extended royal family. Wenn
  • Queen Elizabeth II laughs with Meghan, Duchess of Sussex during her first solo engagement, a ceremony to open the new Mersey Gateway Bridge on June 14, 2018 in the town of Widnes in Halton, Cheshire, England. Getty Images
    Queen Elizabeth II laughs with Meghan, Duchess of Sussex during her first solo engagement, a ceremony to open the new Mersey Gateway Bridge on June 14, 2018 in the town of Widnes in Halton, Cheshire, England. Getty Images
  • The couple made a string of appearances following their wedding, including to the Royal Ascot horse racing meet, in Ascot, west of London, on June 19, 2018. AFP
    The couple made a string of appearances following their wedding, including to the Royal Ascot horse racing meet, in Ascot, west of London, on June 19, 2018. AFP
  • Meghan, Duchess of Sussex, Prince Harry, Duke of Sussex and Queen Elizabeth II at the Queen's Young Leaders Awards Ceremony at Buckingham Palace on June 26, 2018 in London, England. Getty Images
    Meghan, Duchess of Sussex, Prince Harry, Duke of Sussex and Queen Elizabeth II at the Queen's Young Leaders Awards Ceremony at Buckingham Palace on June 26, 2018 in London, England. Getty Images
  • Meghan arrives with her mother Doria Ragland and Prince Harry to host an event to mark the launch of a cookbook with recipes from a group of women affected by the Grenfell Tower fire at Kensington Palace on September 20, 2018 in London, England. Getty Images
    Meghan arrives with her mother Doria Ragland and Prince Harry to host an event to mark the launch of a cookbook with recipes from a group of women affected by the Grenfell Tower fire at Kensington Palace on September 20, 2018 in London, England. Getty Images
  • Ahead of Prince Charles's 70th birthday, Clarence House released this family photo, with Camilla Duchess of Cornwall, Prince William, Duke of Cambridge, Catherine Duchess of Cambridge, Prince George, Princess Charlotte, Prince Louis, Prince Harry Duke of Sussex and Meghan Duchess of Sussex. Clarence House via Getty Images
    Ahead of Prince Charles's 70th birthday, Clarence House released this family photo, with Camilla Duchess of Cornwall, Prince William, Duke of Cambridge, Catherine Duchess of Cambridge, Prince George, Princess Charlotte, Prince Louis, Prince Harry Duke of Sussex and Meghan Duchess of Sussex. Clarence House via Getty Images
  • After announcing their pregnancy, Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex embarked on a 16-day Autumn tour visiting cities in Australia, Fiji, Tonga and New Zealand. Getty Images
    After announcing their pregnancy, Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex embarked on a 16-day Autumn tour visiting cities in Australia, Fiji, Tonga and New Zealand. Getty Images
  • The tour began in Sydney, Australia where the Duke and Duchess of Sussex watched competitors taking part in a sailing event at the 2018 Invictus Games in Sydney harbour. PA
    The tour began in Sydney, Australia where the Duke and Duchess of Sussex watched competitors taking part in a sailing event at the 2018 Invictus Games in Sydney harbour. PA
  • Britain's Prince Harry and his wife Meghan, Duchess of Sussex visit Redwoods Tree Walk in Rotorua on October 31, 2018. AFP
    Britain's Prince Harry and his wife Meghan, Duchess of Sussex visit Redwoods Tree Walk in Rotorua on October 31, 2018. AFP
  • Back in London, Prince William, Duke of Cambridge and Catherine, Duchess of Cambridge, Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex attend a service marking the centenary of WW1 armistice at Westminster Abbey on November 11, 2018 in London, England. Getty Images
    Back in London, Prince William, Duke of Cambridge and Catherine, Duchess of Cambridge, Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex attend a service marking the centenary of WW1 armistice at Westminster Abbey on November 11, 2018 in London, England. Getty Images
  • Their second Christmas as a four: Prince William, Duke of Cambridge, Catherine, Duchess of Cambridge, Meghan, Duchess of Sussex and Prince Harry, Duke of Sussex arrive to attend Christmas Day Church service at Church of St Mary Magdalene on the Sandringham estate on December 25, 2018. Getty Images
    Their second Christmas as a four: Prince William, Duke of Cambridge, Catherine, Duchess of Cambridge, Meghan, Duchess of Sussex and Prince Harry, Duke of Sussex arrive to attend Christmas Day Church service at Church of St Mary Magdalene on the Sandringham estate on December 25, 2018. Getty Images
  • Britain's Prince Harry and Meghan, Duchess of Sussex leave after the Commonwealth Service at Westminster Abbey, on Commonwealth Day, in London, Britain March 11, 2019. This was one of the duchess's final engagements before taking maternity leave. Reuters
    Britain's Prince Harry and Meghan, Duchess of Sussex leave after the Commonwealth Service at Westminster Abbey, on Commonwealth Day, in London, Britain March 11, 2019. This was one of the duchess's final engagements before taking maternity leave. Reuters
  • On May 8, 2019, Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex, introduce newborn son Archie Harrison Mountbatten-Windsor during a photocall in St George's Hall at Windsor Castle. The baby boy was born on May 6, 2019. Getty Images
    On May 8, 2019, Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex, introduce newborn son Archie Harrison Mountbatten-Windsor during a photocall in St George's Hall at Windsor Castle. The baby boy was born on May 6, 2019. Getty Images
  • The couple held a private christening in July 2019, but released official photographs with their son. Reuters
    The couple held a private christening in July 2019, but released official photographs with their son. Reuters
  • This official christening photograph released by the Duke and Duchess shows Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex with their son, Archie and family members ,the Duchess of Cornwall, Britain's Prince Charles, Prince of Wales, Ms Doria Ragland, Lady Jane Fellowes, Lady Sarah McCorquodale, Prince William, Duke of Cambridge and Catherine, Duchess of Cambridge in the Green Drawing Room at Windsor Castle, near London, Britain July 6, 2019. Reuters
    This official christening photograph released by the Duke and Duchess shows Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex with their son, Archie and family members ,the Duchess of Cornwall, Britain's Prince Charles, Prince of Wales, Ms Doria Ragland, Lady Jane Fellowes, Lady Sarah McCorquodale, Prince William, Duke of Cambridge and Catherine, Duchess of Cambridge in the Green Drawing Room at Windsor Castle, near London, Britain July 6, 2019. Reuters
  • On the first day of their official tour 10-day tour of South Africa, the couple visited Cape Town's Nyanga township, and people from the Justice Desk initiative. Reuters
    On the first day of their official tour 10-day tour of South Africa, the couple visited Cape Town's Nyanga township, and people from the Justice Desk initiative. Reuters
  • While in Cape Town, they visited Auwal Mosque, the first and oldest mosque in South Africa, in the Bo Kaap district of Cape Town, South Africa, September 24, 2019. During their time in South Africa, the duchess described adjusting to royal life as 'a struggle'. Reuters
    While in Cape Town, they visited Auwal Mosque, the first and oldest mosque in South Africa, in the Bo Kaap district of Cape Town, South Africa, September 24, 2019. During their time in South Africa, the duchess described adjusting to royal life as 'a struggle'. Reuters
  • The couple have kept Archie out of the public eye but he did accompany them on their royal tour of South Africa, where he attended a meeting with Archbishop Desmond Tutu at the Desmond & Leah Tutu Legacy Foundation, on September 25, 2019 in Cape Town, South Africa. Getty Images
    The couple have kept Archie out of the public eye but he did accompany them on their royal tour of South Africa, where he attended a meeting with Archbishop Desmond Tutu at the Desmond & Leah Tutu Legacy Foundation, on September 25, 2019 in Cape Town, South Africa. Getty Images
  • Prince Harry with son, Archie Harrison Mountbatten-Windsor, in Canada in late 2019. It had been expected that the couple would move to the North American country after leaving the British royal family, however they are now living in Los Angeles. Instagram / Sussex Royal
    Prince Harry with son, Archie Harrison Mountbatten-Windsor, in Canada in late 2019. It had been expected that the couple would move to the North American country after leaving the British royal family, however they are now living in Los Angeles. Instagram / Sussex Royal
  • The couple chose to spend Christmas 2019 away from the royal family in Canada, but returned to London and visited visit to Canada House in thanks for the warm Canadian hospitality and support they received during their recent stay in Canada, on January 7. The following day, the couple announced their intention to step back as senior members of the royal family and split their time between the UK and North America. Getty Images
    The couple chose to spend Christmas 2019 away from the royal family in Canada, but returned to London and visited visit to Canada House in thanks for the warm Canadian hospitality and support they received during their recent stay in Canada, on January 7. The following day, the couple announced their intention to step back as senior members of the royal family and split their time between the UK and North America. Getty Images
  • In March, Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex, returned to London for their final string of public events. Seen here leaving the The Endeavour Fund Awards at Mansion House on March 5. Wireimages
    In March, Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex, returned to London for their final string of public events. Seen here leaving the The Endeavour Fund Awards at Mansion House on March 5. Wireimages
  • Britain's Prince Harry and his wife Meghan, Duchess of Sussex, arrive to attend the Mountbatten Festival of Music at the Royal Albert Hall in London, Britain March 7, 2020. Reuters
    Britain's Prince Harry and his wife Meghan, Duchess of Sussex, arrive to attend the Mountbatten Festival of Music at the Royal Albert Hall in London, Britain March 7, 2020. Reuters
  • Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex, made their final public appearance as royals at the 2020 Commonwealth Day Service at Westminster Abbey on March 9, 2020 in London, England. Getty Images
    Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex, made their final public appearance as royals at the 2020 Commonwealth Day Service at Westminster Abbey on March 9, 2020 in London, England. Getty Images

Duchess of Sussex 'saddened' by staff bullying claims


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The Duke and Duchess of Sussex accused royal aides of carrying out a "calculated smear campaign" after revelations that a bullying complaint was lodged against the duchess by one of her closest advisers.

Before a tell-all interview with Oprah Winfrey is broadcast, royal aides made a series of allegations to The Times about the months after the couple married in October 2018.

Jason Knauf, Prince Harry and Meghan Markle's communications chief at that time, sent an email to Simon Case, who was private secretary to Prince William, outlining "very serious" concerns about how staff were being treated inside Kensington Palace.

“I am very concerned that the duchess was able to bully two [personal assistants] out of the household in the past year. The treatment of X was totally unacceptable,” he said in the email.

“The duchess seems intent on always having someone in her sights. She is bullying Y and seeking to undermine her confidence. We have had report after report from people who have witnessed unacceptable behaviour towards Y.”

The Times used letters to protect the identities of staff.

The complaint did not progress any further, the newspaper reported.

Sources told The Times that Prince Harry asked Mr Knauf not to pursue the complaint any further. The couple denied any meeting took place.

The duke and duchess said the revelations were linked to growing tensions over their interview with Winfrey, which will be broadcast in the UK on ITV next Monday.

“Let’s just call this what it is – a calculated smear campaign based on misleading and harmful misinformation,” a spokesman for the couple said.

“We are disappointed to see this defamatory portrayal of the Duchess of Sussex given credibility by a media outlet.

Jason Knauf attends the wedding of Prince Harry and Meghan Markle in 2018. Getty
Jason Knauf attends the wedding of Prince Harry and Meghan Markle in 2018. Getty

“It’s no coincidence that distorted several-year-old accusations aimed at undermining the duchess are being briefed to the British media shortly before she and the duke are due to speak openly and honestly about their experience of recent years.

“The duchess is saddened by this latest attack on her character, particularly as someone who has been the target of bullying herself and is deeply committed to supporting those who have experienced pain and trauma.

“She is determined to continue her work building compassion around the world and will keep striving to set an example for doing what is right and doing what is good.”

In promotional clips for the interview, Winfrey asks the duchess if she was "silent or silenced". Ms Markle's answer is not revealed.

In response to a comment by the duchess, Winfrey asks: “Almost unsurvivable. Sounds like there was a breaking point?”

The Duchess of Sussex in conversation with Oprah Winfrey. AP
The Duchess of Sussex in conversation with Oprah Winfrey. AP

Prince Harry compared his wife's treatment to that of his mother, Diana, Princess of Wales.

“I’m just really relieved and happy to be sitting here, talking to you, with my wife by my side, because I can’t begin to imagine what it must have been like for her [Princess Diana], going through this process by herself, all those years ago,” he said.

Winfrey says “there is no subject that is off-limits” in her interview with the couple.

The interview will be broadcast at an awkward time for the UK royal family, with its patriarch – the Duke of Edinburgh – still in hospital receiving treatment for an infection and heart condition.

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

ICC T20 Rankings

1. India - 270 ranking points

 

2. England - 265 points

 

3. Pakistan - 261 points

 

4. South Africa - 253 points

 

5. Australia - 251 points 

 

6. New Zealand - 250 points

 

7. West Indies - 240 points

 

8. Bangladesh - 233 points

 

9. Sri Lanka - 230 points

 

10. Afghanistan - 226 points

 

Favourite book: ‘The Art of Learning’ by Josh Waitzkin

Favourite film: Marvel movies

Favourite parkour spot in Dubai: Residence towers in Jumeirah Beach Residence

COMPANY%20PROFILE
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Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

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Other acts on the Jazz Garden bill

Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.

The bio

Favourite book: The Alchemist by Paulo Coelho

Favourite travel destination: Maldives and south of France

Favourite pastime: Family and friends, meditation, discovering new cuisines

Favourite Movie: Joker (2019). I didn’t like it while I was watching it but then afterwards I loved it. I loved the psychology behind it.

Favourite Author: My father for sure

Favourite Artist: Damien Hurst

The specs: 2018 Ducati SuperSport S

Price, base / as tested: Dh74,900 / Dh85,900

Engine: 937cc

Transmission: Six-speed gearbox

Power: 110hp @ 9,000rpm

Torque: 93Nm @ 6,500rpm

Fuel economy, combined: 5.9L / 100km

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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Empty Words

By Mario Levrero  

(Coffee House Press)
 

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