• Visitors ride on a rollercoaster at Europa Park in Rust, western Germany, on the re-opening day of the park following the lifting of coronavirus restrictions. AFP
    Visitors ride on a rollercoaster at Europa Park in Rust, western Germany, on the re-opening day of the park following the lifting of coronavirus restrictions. AFP
  • An employee welcomes visitors as they enter Europa Park in Rust. Europa Park is one of the first major theme parks in Germany to reopen its doors to visitors. AFP
    An employee welcomes visitors as they enter Europa Park in Rust. Europa Park is one of the first major theme parks in Germany to reopen its doors to visitors. AFP
  • A nurse shaves a patient suffering from Covid-19 at the Intensive Care Unit of the "Klinikum Darmstadt" clinic in Darmstadt, Germany. Reuters
    A nurse shaves a patient suffering from Covid-19 at the Intensive Care Unit of the "Klinikum Darmstadt" clinic in Darmstadt, Germany. Reuters
  • A cinema employee does a last-minute clean before people arrived to watch a film at the Freiluftkino Kreuzberg open-air cinema for the first time this year in Berlin, Germany. Getty Images
    A cinema employee does a last-minute clean before people arrived to watch a film at the Freiluftkino Kreuzberg open-air cinema for the first time this year in Berlin, Germany. Getty Images
  • Swimmers exercise in an open air pool in Berlin, Germany. Authorities are easing lockdown measures across Germany. Getty Images
    Swimmers exercise in an open air pool in Berlin, Germany. Authorities are easing lockdown measures across Germany. Getty Images
  • Pedestrians walk down the Kohlmarkt shopping street in Vienna, Austria. Western Europe is beginning to loosen restrictions to contain the coronavirus. Bloomberg
    Pedestrians walk down the Kohlmarkt shopping street in Vienna, Austria. Western Europe is beginning to loosen restrictions to contain the coronavirus. Bloomberg
  • A restaurant worker waits for customers alongside an outdoor dining area in the Naschmarkt in Vienna, Austria. Bloomberg
    A restaurant worker waits for customers alongside an outdoor dining area in the Naschmarkt in Vienna, Austria. Bloomberg
  • Workers wait to collect a coronavirus disease swab sample in the Fira of Barcelona, Spain. Reuters
    Workers wait to collect a coronavirus disease swab sample in the Fira of Barcelona, Spain. Reuters
  • People sit outdoors at a restaurant terrace near Notre Dame cathedral in Paris, France. Cafe and restaurant terraces reopened this week after a pandemic shutdown of more than six months. AP Photo
    People sit outdoors at a restaurant terrace near Notre Dame cathedral in Paris, France. Cafe and restaurant terraces reopened this week after a pandemic shutdown of more than six months. AP Photo

Germany bans travellers from UK due to Indian coronavirus variant concerns


Neil Murphy
  • English
  • Arabic

Germany is banning travellers from the UK from entering the country, due to concerns about a coronavirus variant first found in India.

On Friday, Germany's public health institute declared the UK a "virus variant region", as Covid-19 cases from  the B.1.617 strain continue to climb in Britain.

From Sunday, a temporary ban will be imposed on most travellers from the UK.

Only German citizens and people with German residency permits will be permitted to enter the country, and they must quarantine at home for two weeks afterwards.

Travellers transferring from one flight to another and who remain in the airport transit area are also exempt from the ban.

"We want to play it safe," a German government source said. "In this important phase of the vaccination campaign, the entry of problematic mutations must be avoided as far as possible."

Other countries which also face restricted travel include India itself and Brazil, but no other European countries.

Chancellor Angela Merkel expressed concern about the variant "which seems to be somewhat more aggressive" than the currently dominant variant.

Ms Merkel also urged Germans to behave responsibly as large parts of the country relaxed more pandemic restrictions Friday.

German regions have gradually started easing restrictions as new coronavirus cases decline steadily, accompanied by an accelerating vaccination campaign.

Cafes and restaurants in Berlin and elsewhere started serving customers outdoors for the first time in months on Friday – provided they present a negative Covid-19 test or a vaccination certificate.

By Friday, most of Germany’s 400 cities and counties had a weekly case number below the threshold of 100 per 100,000 inhabitants that triggered strict lockdown measures.

But top officials stressed the need to remain vigilant.

German Chancellor Angela Merkel speaks after a Global Health Summit in Berlin. She has expressed concern about the Covid-19 variant first detected in India. EPA
German Chancellor Angela Merkel speaks after a Global Health Summit in Berlin. She has expressed concern about the Covid-19 variant first detected in India. EPA

"We can be glad that [infection rates] have declined so far in recent days and in the last two weeks that we can think about opening steps," Ms Merkel told reporters in Berlin.

“I hope that, after the long time with closures and opportunities they didn’t have, that people will treat these opportunities very responsibly,” she added.

“The virus has not disappeared.”

Germany's disease control agency reported 8,769 newly confirmed Covid-19 cases Thursday and 226 deaths. The country has reported 87,128 virus-related deaths since the start of the pandemic.

State authorities have pushed vigorously to reopen hospitality and tourism for the three-day long weekend, despite misgivings from federal officials.

Ms Merkel said continuing to wear masks and observe social distancing is essential. “We must take care,” she said.

"I believe that, with the necessary responsibility and care that hopefully many – most people – will take, we won't have to talk about having to shut down again."

About 40 per cent of the population in Germany has received at least one dose of Covd-19 vaccine so far. About one in eight – more than 10 million people – have been fully vaccinated.

THE SPECS

      

 

Engine: 1.5-litre

 

Transmission: 6-speed automatic

 

Power: 110 horsepower 

 

Torque: 147Nm 

 

Price: From Dh59,700 

 

On sale: now  

 
What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

How to get exposure to gold

Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.

A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.

Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.

Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.

London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long

However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.

UAE currency: the story behind the money in your pockets
The specs

Engine: 2.0-litre 4-cylturbo

Transmission: seven-speed DSG automatic

Power: 242bhp

Torque: 370Nm

Price: Dh136,814

The Details

Article 15
Produced by: Carnival Cinemas, Zee Studios
Directed by: Anubhav Sinha
Starring: Ayushmann Khurrana, Kumud Mishra, Manoj Pahwa, Sayani Gupta, Zeeshan Ayyub
Our rating: 4/5 

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

What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.