Saudi Crown Prince Mohammed bin Salman has received the first dose of the Pfizer-BioNTech coronavirus vaccine.
The vaccination was carried out by Ministry of Health officials and captured on camera.
The Saudi Minister of Health, Dr. Tawfiq bin Fawzan Al-Rabiah, extended his "thanks and gratitude" to the Crown Prince for his determination to provide vaccines to all Saudi Arabians.
"What we are witnessing today is among the gains materialised in the Kingdom of Saudi Arabia since the beginning of the pandemic," he said.
Dr Al-Rabiah also drew a comparison between the country's Covid response and the framework laid out in the kingdom's economic reform plan Vision 2030 which is guided by the mantra that "Prevention is better than a cure".
The Saudi health minister was himself vaccinated on December 17, a day after the kingdom received its first batch of the Pfizer-BioNTech vaccine.
Saudi health authorities approved the 95 per cent-effective vaccine from the US-German partnership on December 10.
Vaccination stations have been set up throughout the kingdom, and 50,000 people registered to receive the vaccine in the 24 hours after the minister urged Saudis and residents to sign up for it on the health ministry app.
"Over the last nine months, I anxiously watched the number of registered cases. But today, I’ll be happily watching the number of those who are vaccinated," Dr Al Rabiah said at the time.
Saudi Arabia's Health Ministry said in November that it hoped to have enough vaccines to cover 70 per cent of the kingdom's population by the end of 2021.
Registration to get the vaccine has already started through the Tawakulna application for vulnerable groups identified by the health ministry.
Dr Abdullah Asiri, assistant undersecretary at the ministry, said they would be obtained through global vaccine programme Covax and provided free of charge to all under the direction of King Salman.
For developing countries that lack the resources to buy large quantities of vaccine, the World Health Organisation created the Covax scheme in partnership with the Gavi Vaccine Alliance and the Coalition for Epidemic Preparedness Innovations (Cepi).
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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
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.