George Floyd killing: Derek Chauvin has murder charge upgraded
Minnesota Attorney General Keith Ellison on Wednesday announced that Derek Chauvin, the former police officer who was arrested in the killing of George Floyd, is now charged with second-degree murder.
The charge has been increased from one of third-degree murder, which was laid last Friday.
Mr Chauvin knelt on Floyd's neck for more than eight minutes.
Three other former Minneapolis police officers – Tou Thao, Alexander Kueng and Thomas Lane, who were with Mr Chauvin at the time of the killing – were charged on Wednesday for aiding and abetting murder.
German officials believe Madeleine McCann is dead
German officials investigating a 43-year-old man over the death of Madeleine McCann, who disappeared in Portugal aged only three, believe she is dead.
Her parents had said on Thursday that the announcement of a new suspect was a potentially highly significant development in the 13-year worldwide hunt for their daughter.
"The public prosecutor's office in Braunschweig is investigating a 43-year-old German national on suspicion of murder. From this you can see that we assume that the girl is dead," Braunschweig state prosecutor Hans Christian Wolters said.
Madeleine disappeared from her bedroom on May 3, 2007, during a family holiday in the Algarve while her parents were dining with friends nearby in the resort of Praia da Luz.
Anger and sadness as Londoners protest against George Floyd killing
There was solidarity, sadness and anger in London on Wednesday as thousands of mostly young people gathered to protest against the death of George Floyd in US police custody.
"I've seen the video going around on social media and it's genuinely a collective trauma," said Sharleen, 18, who joined the protest in Hyde Park.
Mr Floyd, an unarmed African-American man, died on May 25 in Minneapolis after a white policeman knelt on his neck for nearly nine minutes.
The incident, which was captured on camera, has sparked violent protests across the US and demonstrations around the world.
UN creates political mission in Sudan to support transition
The UN Security Council unanimously adopted two resolutions to create a mission in Sudan to support the country's political transition and extend the mandate of peacekeepers in Darfur, diplomats said.
The resolution on the new United Nations Integrated Transition Assistance Mission in Sudan (Unitams) was drafted by Britain and Germany.
The mission was established "for an initial period of 12 months", according to the text of the resolution, which asks Secretary General Antonio Guterres to quickly name an envoy to head the mission.
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
Analysis
Members of Syria's Alawite minority community face threat in their heartland after one of the deadliest days in country’s recent history. Read more
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EQureos%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%0D%3Cbr%3E%3Cstrong%3ELaunch%20year%3A%20%3C%2Fstrong%3E2021%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%20%3C%2Fstrong%3E33%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3ESoftware%20and%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%3A%20%3C%2Fstrong%3E%243%20million%0D%3Cbr%3E%3C%2Fp%3E%0A
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
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
The Prison Letters of Nelson Mandela
Edited by Sahm Venter
Published by Liveright
Voy!%20Voy!%20Voy!
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Omar%20Hilal%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Muhammad%20Farrag%2C%20Bayoumi%20Fouad%2C%20Nelly%20Karim%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Background: Chemical Weapons
Crops that could be introduced to the UAE
1: Quinoa
2. Bathua
3. Amaranth
4. Pearl and finger millet
5. Sorghum