US calls on North Korea to release war veteran


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WASHINGTON/SEOUL // The United States has called on North Korea to release an elderly US military veteran held in custody since October and who is accused of killing civilians during the Korean War 60 years ago.

Merrill E Newman, 85, a former special forces officer, is in good health, his family said after getting an update on his condition from Swedish diplomats who had visited him in the North Korean capital over the weekend.

“He has received the medications that we sent him and medical personnel are checking on his health several times a day. Merrill reports that he is being well treated and that the food is good,” the family said.

Sweden’s North Korean embassy gives consular help to the United States, which has no mission there.

The family, based in California, called on North Korea to release Mr Newman, who has a heart rhythm disorder, as an act of compassion, taking into account his health and his age.

“All of us want this ordeal to end and for the 85-year-old head of our extended family to be with us once more.”

Swedish embassy officials were granted access on Saturday to visit Newman, the US State Department said, the first access by Western officials to him since his arrest.

Mr Newman was detained at the end of a trip to communist North Korea. The country has no diplomatic relations with the United States which fought alongside South Korea in the 1950-53 war.

“Given Mr Newman’s advanced age and health conditions, we urge the DPRK to release Mr Newman so he may return home and reunite with his family,” a State Department official said.

On Saturday, North Korea showcased Mr Newman as a criminal, showing a video of him making a full confession and apology as if the battles of the Korean War were still raging.

The state KCNA news agency said Mr Newman had been a mastermind of clandestine operations and confessed to being “guilty of a long list of indelible crimes against DPRK government and Korean people”.

* Reuters

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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. 

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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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