• People gather to watch the last sunset of the year 2077 of the Nepali calendar at Single Tree Hill, Kathmandu. The Nepali New Year 2078 began on April 14. EPA
    People gather to watch the last sunset of the year 2077 of the Nepali calendar at Single Tree Hill, Kathmandu. The Nepali New Year 2078 began on April 14. EPA
  • Children douse a child on a bicycle with water to mark the Thingyan Water Festival at Naypyitaw, Myanmar. EPA
    Children douse a child on a bicycle with water to mark the Thingyan Water Festival at Naypyitaw, Myanmar. EPA
  • A supporter of Tehreek-e-Labbaik Pakistan keeps watch as others protest against the arrest of their leader who has called for the expulsion of the French ambassador in Rawalpindi. AFP
    A supporter of Tehreek-e-Labbaik Pakistan keeps watch as others protest against the arrest of their leader who has called for the expulsion of the French ambassador in Rawalpindi. AFP
  • Capitol Police officer William "Billy" Evans arrives to lie in honor in the Rotunda of the US Capitol in Washington. Mr Evans was killed and another wounded after a man drove through security and crashed into a barrier at the complex, forcing it into lockdown. AFP
    Capitol Police officer William "Billy" Evans arrives to lie in honor in the Rotunda of the US Capitol in Washington. Mr Evans was killed and another wounded after a man drove through security and crashed into a barrier at the complex, forcing it into lockdown. AFP
  • Workers wearing PPE carry a goalpost ahead of an Olympic Games qualifier match for the women's football tournament between China and South Korea at Suzhou Olympic Sports Centre Stadium, Suzhou, Jiangsu province, China. AFP
    Workers wearing PPE carry a goalpost ahead of an Olympic Games qualifier match for the women's football tournament between China and South Korea at Suzhou Olympic Sports Centre Stadium, Suzhou, Jiangsu province, China. AFP
  • Fibre optic lights glow at the Field of Light immersive art installation by artist Bruce Munro, part of the Light at Sensorio exhibition in Paso Robles, California. AFP
    Fibre optic lights glow at the Field of Light immersive art installation by artist Bruce Munro, part of the Light at Sensorio exhibition in Paso Robles, California. AFP
  • A fountain show near the Atlantis hotel, Dubai, marks the end of fasting on the first day of Ramadan. AFP
    A fountain show near the Atlantis hotel, Dubai, marks the end of fasting on the first day of Ramadan. AFP
  • A protester paints the symbols of the three-finger salute on the ground with red paint as part of a "bleeding strike" demonstration against the military coup in Shwebo in Myanmar's Sagaing region. AFP
    A protester paints the symbols of the three-finger salute on the ground with red paint as part of a "bleeding strike" demonstration against the military coup in Shwebo in Myanmar's Sagaing region. AFP
  • A man varnishes artwork, representing the character of Tintin, by artist Christophe Tixier – alias "Peppone" – in La Roque d'Antheron, southern France. AFP
    A man varnishes artwork, representing the character of Tintin, by artist Christophe Tixier – alias "Peppone" – in La Roque d'Antheron, southern France. AFP
  • Sikh devotees light candles on the occasion of the Baisakhi festival at the Golden Temple, Amritsar. AFP
    Sikh devotees light candles on the occasion of the Baisakhi festival at the Golden Temple, Amritsar. AFP
  • Farmers transfer rice seedling in Jianhe in China's southwestern Guizhou province. AFP
    Farmers transfer rice seedling in Jianhe in China's southwestern Guizhou province. AFP
  • Brooklyn Centre resident Jose Chavez wraps his arms around his daughter Cattleya Chavez, 3, during a protest outside the Brooklyn Centre Police Department, in the US, days after Daunte Wright was shot and killed by a police officer. Reuters
    Brooklyn Centre resident Jose Chavez wraps his arms around his daughter Cattleya Chavez, 3, during a protest outside the Brooklyn Centre Police Department, in the US, days after Daunte Wright was shot and killed by a police officer. Reuters
  • Migrants and workers in Bangladesh leave in speedboats ahead of the countrywide Covid-19 lockdown. Reuters
    Migrants and workers in Bangladesh leave in speedboats ahead of the countrywide Covid-19 lockdown. Reuters
  • Jockey Conor Orr falls from Castlebellingham during a steeplechase at Fairyhouse Racecourse in Ratoath, County Meath, Ireland. Getty
    Jockey Conor Orr falls from Castlebellingham during a steeplechase at Fairyhouse Racecourse in Ratoath, County Meath, Ireland. Getty

World

From a perfect sunset bringing in Nepali New Year to a horse racing accident in Ireland - today's best photos

Take a look at some of the best images from around the world in the past 24 hours

The National

April 14, 2021

  • English
  • Arabic

More from The National:

From turtles with GPS trackers in Israel to a giraffe taking a boat trip in Kenya - Tuesday's best photos

From fireworks in Gaza to a robot delivering groceries in Singapore - Monday's best photos

From Ramadan preparations in Cairo to puppies in Ukrainian trenches - Sunday's best photos

From a giant Christ the Protector statue in Brazil to flying horses in Switzerland - Saturday's best photos

From street dancing in Paris to cleaning a statue in Moscow - Friday's best photos

THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5

Our commentary on Brexit
Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

The biog

Family: He is the youngest of five brothers, of whom two are dentists. 

Celebrities he worked on: Fabio Canavaro, Lojain Omran, RedOne, Saber Al Rabai.

Where he works: Liberty Dental Clinic 

Company%20profile
%3Cp%3EName%3A%20Tabby%3Cbr%3EFounded%3A%20August%202019%3B%20platform%20went%20live%20in%20February%202020%3Cbr%3EFounder%2FCEO%3A%20Hosam%20Arab%2C%20co-founder%3A%20Daniil%20Barkalov%3Cbr%3EBased%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Payments%3Cbr%3ESize%3A%2040-50%20employees%3Cbr%3EStage%3A%20Series%20A%3Cbr%3EInvestors%3A%20Arbor%20Ventures%2C%20Mubadala%20Capital%2C%20Wamda%20Capital%2C%20STV%2C%20Raed%20Ventures%2C%20Global%20Founders%20Capital%2C%20JIMCO%2C%20Global%20Ventures%2C%20Venture%20Souq%2C%20Outliers%20VC%2C%20MSA%20Capital%2C%20HOF%20and%20AB%20Accelerator.%3Cbr%3E%3C%2Fp%3E%0A
MATCH INFO

Everton v Tottenham, Sunday, 8.30pm (UAE)

Match is live on BeIN Sports

RESULT

Arsenal 1 Chelsea 2
Arsenal: Aubameyang (13')
Chelsea: Jorginho (83'), Abraham (87') 

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

How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200

Friday's schedule in Madrid

Men's quarter-finals

Novak Djokivic (1) v Marin Cilic (9) from 2pm UAE time

Roger Federer (4) v Dominic Thiem (5) from 7pm

Stefanos Tsitsipas (8) v Alexander Zverev (3) from 9.30pm

Stan Wawrinka v Rafael Nadal (2) from 11.30pm

Women's semi-finals

Belinda Bencic v Simona Halep (3) from 4.30pm

Sloane Stephens (8) v Kiki Bertens (7) from 10pm

World