Anti-corruption investigators due to question Mubarak


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CAIRO // Egypt’s anti-corruption agency planned to interrogate former president Hosni Mubarak and his wife for the first time last night to examine charges they enriched themselves illegally, the state news agency said.

An investigation team has moved to Sharm el-Sheikh where Mubarak and his wife Suzanne are staying, the agency said, quoting Assem el-Gohari, a justice ministry official.

"Gohari said the team of investigators will begin the first session of its investigations with Mubarak and his wife this evening," the MENA report said.

"The two face accusations that they took advantage of the president's influence to accumulate massive wealth not commensurate with their legally established sources of income".

Some media reports have suggested the Mubarak family's wealth may total billions of dollars. Such claims were a major rallying point for anti-government protesters in a country where some 40 per cent of the population live on less than $2 per day.

Mr Mubarak, who has denied wrongdoing, was first detained on April 13 and has been in a hospital in Sharm el-Sheikh since he suffered health problems under initial questioning by officials from the public prosecutor's office.

The corruption investigation team will release a statement shortly after they finish the session, the news agency said.

Mass demonstrations forced Mubarak to step down on February 11 after three decades in power. Egypt's foreign ministry told its embassies in the Arab world and Western countries on February 22 to freeze the assets of the toppled leader and his family.

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Engine: 2.0-litre 4-cyl turbo

Power: 247hp at 6,500rpm

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Transmission: 10-speed auto

Fuel consumption: 7.8L/100km

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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. 

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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

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10. Substance and CbC reporting focus

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