UN Secretary General Antonio Guterres urged donors on Thursday to release more than $5 billion to stop an unfolding humanitarian crisis in Afghanistan, rebutting fears that aid money could line the pockets of the Taliban.
The UN chief described a “nightmare unfolding in Afghanistan” and a “race against time” to bring aid into the country only five months after the Taliban swept back to power.
“Without a more concerted effort from the international community, virtually every man, woman and child in Afghanistan could face acute poverty,” Mr Guterres told reporters in New York.
He painted to a harrowing portrait of life for ordinary Afghans, with “babies being sold to feed their siblings, freezing health facilities overflowing with malnourished children, people burning their possessions to keep warm".
In its biggest-ever single-country appeal, UN officials on Tuesday said $4.4bn was needed within Afghanistan, while a further $623 million was required to support the millions of Afghans sheltering beyond its borders.
The UN said 22 million people in Afghanistan — more than half the country’s population — and a further 5.7 million displaced Afghans in five neighbouring countries need vital relief this year.
Since the Taliban seized control of Afghanistan in mid-August, and US and other foreign forces ended their two-decade presence in support of the western-backed government, the country has been plunged into financial chaos, with inflation and unemployment surging.
The US as well as some other western governments have blocked billions in Afghan central bank assets held overseas and kept up sanctions on Taliban members, despite calls from some of Afghanistan’s neighbours for support to avert a worsening humanitarian crisis.
Foreign governments and charities have since scrambled to work out how to engage the Taliban to avoid a meltdown of the Afghan economy and widespread hunger without formally recognising the new government.
“Rules and conditions that prevent money from being used to save lives and the economy must be suspended in this emergency situation,” said Mr Guterres.
“International funding should be allowed to pay the salaries of public sector workers and to help Afghan institutions deliver health care, education and other vital services.”
A UN Security Council resolution adopted last month enables aid flows into Afghanistan while keeping funds out of the hands of the Taliban.
“We must do even more to rapidly inject liquidity into the economy and avoid a meltdown that would lead to poverty, hunger and destitution for millions,” said Mr Guterres.
He urged the World Bank to unlock more than $1.2bn in assets from a reconstruction trust fund to “help Afghanistan’s people survive the winter”.
Snow has blanketed most of central and northern Afghanistan in recent days while flooding has affected parts of the south. Many Afghans cannot afford heating, with the country facing regular electricity blackouts.
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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
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Crazy Rich Asians
Director: Jon M Chu
Starring: Constance Wu, Henry Golding, Michelle Yeon, Gemma Chan
Four stars
Schedule for show courts
Centre Court - from 4pm UAE time
Johanna Konta (6) v Donna Vekic
Andy Murray (1) v Dustin Brown
Rafael Nadal (4) v Donald Young
Court 1 - from 4pm UAE time
Kei Nishikori (9) v Sergiy Stakhovsky
Qiang Wang v Venus Williams (10)
Beatriz Haddad Maia v Simona Halep (2)
Court 2 - from 2.30pm
Heather Watson v Anastasija Sevastova (18)
Jo-Wilfried Tsonga (12) v Simone Bolelli
Florian Mayer v Marin Cilic (7)
Ireland (15-1):
Ireland (15-1): Rob Kearney; Keith Earls, Chris Farrell, Bundee Aki, Jacob Stockdale; Jonathan Sexton, Conor Murray; Jack Conan, Sean O'Brien, Peter O'Mahony; James Ryan, Quinn Roux; Tadhg Furlong, Rory Best (capt), Cian Healy
Replacements: Sean Cronin, Dave Kilcoyne, Andrew Porter, Ultan Dillane, Josh van der Flier, John Cooney, Joey Carbery, Jordan Larmour
Coach: Joe Schmidt (NZL)
McIlroy's struggles in 2016/17
European Tour: 6 events, 16 rounds, 5 cuts, 0 wins, 3 top-10s, 4 top-25s, 72,5567 points, ranked 16th
PGA Tour: 8 events, 26 rounds, 6 cuts, 0 wins, 4 top-10s, 5 top-25s, 526 points, ranked 71st
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now