The EU's medicines regulator on Tuesday dramatically advanced the decision day for the Pfizer-BioNTech coronavirus jab under pressure from Germany, meaning vaccinations in the bloc could start by the year's end.
The announcement by the Amsterdam-based European Medicines Agency, that it will meet on December 21 instead of December 29 to decide whether to authorise the shot, followed a growing backlash from desperate EU countries.
We are keenly aware of the huge responsibility we have
Europe has been lagging behind as post-Brexit Britain — the EMA's former home — became the first country in the world to grant emergency approval for the vaccine, swiftly followed by the United States, Canada, Singapore and Bahrain.
The EMA said in a statement that it had received "additional data" from the company on Monday that was requested by the EMA committee that examines medicines for human use.
"An exceptional meeting of the [committee] has now been scheduled for 21 December to conclude if possible," EMA said.
EMA also said that it would reach its decision "only once the data on the quality, safety and effectiveness of the vaccine are sufficiently robust and complete to determine whether the vaccine's benefits outweigh its risks."
The agency announced no change to the planned January 12 date for a decision on the Moderna vaccine.
European Commission chief Ursula von der Leyen welcomed the announcement, saying it meant vaccinations would likely start before the end of the year.
"Every day counts — we work at full speed to authorise #COVID19 vaccines that are safe and effective," she said on Twitter.
"I welcome @EMA_News bringing forward its meeting to discuss the @pfizer/BioNTech vaccine, before Christmas. Likely that the first Europeans will be vaccinated before end 2020!"
Germany had earlier piled pressure on the EMA, saying it wanted it to approve the vaccine "before Christmas".
"The goal is to get approval before Christmas," German Health Minister Jens Spahn told a press conference in Berlin. "We want to start vaccinating in Germany before the end of the year."
Mounting anger
Berlin had added its weight to earlier calls led by Hungary and Poland for the EMA to move faster.
Hungarian Prime Minister Viktor Orban told public radio on December 4 that Brexit had made Britain "more able to take action" and "assert its interests".
Then the pressure mounted at a summit of EU leaders last week.
Polish Prime Minister Mateusz Morawiecki said he had urged the EMA to grant authorisation "as quickly as possible", adding that "several European leaders" had backed him.
He demanded the agency bring forward its decision day, adding: "Each day counts, each day means enormous human losses, new infections, enormous losses for the economy."
Italy joined the growing clamour, with Health Minister Roberto Speranza saying on Tuesday that he hoped the EMA "will be able to approve the Pfizer BioNTech vaccine ahead of schedule."
Criticism of the EMA was further fuelled by a hack of the agency announced earlier in December, in which data from both the Pfizer-BioNTech and Moderna vaccines was taken.
The agency had previously said the reason Britain, the United States and Canada moved faster was that they approved short-term emergency use without licensing, whereas it is going for a full one-year conditional licensing of the vaccine.
It insisted staff were working around the clock to study lab data and results of large clinical trials as they come in.
"Whilst speed is of the essence, safety is our number one priority. These vaccines will be given to millions of people in the EU and we are keenly aware of the huge responsibility we have," EMA chief Emer Cooke told MEPs last week.
The Irishwoman, who only took the reins at the agency a month ago, added however that the goal was also to ensure distribution of the vaccine across all 27 EU countries at the same time.
"This means that all member states, big or small, will benefit from the joint work done at EU level and that all member states can start preparing for vaccine campaigns," she said.
The%20specs
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Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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SPECS
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Bio
Born in Dibba, Sharjah in 1972.
He is the eldest among 11 brothers and sisters.
He was educated in Sharjah schools and is a graduate of UAE University in Al Ain.
He has written poetry for 30 years and has had work published in local newspapers.
He likes all kinds of adventure movies that relate to his work.
His dream is a safe and preserved environment for all humankind.
His favourite book is The Quran, and 'Maze of Innovation and Creativity', written by his brother.
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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Engine: 2.5-litre four-cylinder
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The Uefa Awards winners
Uefa Men's Player of the Year: Virgil van Dijk (Liverpool)
Uefa Women's Player of the Year: Lucy Bronze (Lyon)
Best players of the 2018/19 Uefa Champions League
Goalkeeper: Alisson (Liverpool)
Defender: Virgil van Dijk (Liverpool)
Midfielder: Frenkie de Jong (Ajax)
Forward: Lionel Messi (Barcelona)
Uefa President's Award: Eric Cantona