A Ukrainian soldier with an FGM-148 Javelin, an American-made portable anti-tank missile, near Kharkiv on March 23. AFP
A Ukrainian soldier with an FGM-148 Javelin, an American-made portable anti-tank missile, near Kharkiv on March 23. AFP
A Ukrainian soldier with an FGM-148 Javelin, an American-made portable anti-tank missile, near Kharkiv on March 23. AFP
A Ukrainian soldier with an FGM-148 Javelin, an American-made portable anti-tank missile, near Kharkiv on March 23. AFP

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US Javelin anti-tank missiles to help Ukrainians in Donbas, Pentagon says

US also training small number of Ukrainians in America on how to operate explosive drones

Joyce Karam
Joyce Karam
Washington

April 06, 2022

  • English
  • Arabic

Live updates: follow the latest news on Russia-Ukraine

The latest tranche of US military aid for Ukraine is aimed at countering Russia’s intensified offensive in the eastern Donbas region, a Pentagon official said on Wednesday.

Tens of thousands of Russian troops are probably being sent to eastern Ukraine to surround and overwhelm Ukrainian forces there after being forced to retreat from the area around Kyiv, the US said this week.

The US late on Tuesday authorised another $100 million in military aid for Ukraine, bringing the total amount since Russia's invasion on February 24 to more than $1.7 billion, the Pentagon said.

A senior US defence official said much of the extra $100m will be used to address an "urgent need" for Javelin anti-armour missiles that have proven devastating against Russian President Vladimir Putin's tanks.

The missiles will help the Ukrainian military in Donbas "make sure that they're ready for the increased Russian activity there", the official said.

White House press secretary Jen Psaki said on Wednesday: "They were critical in the defence of Kyiv and other areas, and we want to ensure we continue to get them in the Ukrainians' hands."

The official also said that America is training a very small number of Ukrainian officers inside the US on using Switchblade explosive drones.

Pentagon press secretary John Kirby said on Tuesday that the Ukrainians were using Javelin shoulder-fired missiles "to effectively to defend their country".

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BULKWHIZ PROFILE

Date started: February 2017

Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)

Based: Dubai, UAE

Sector: E-commerce 

Size: 50 employees

Funding: approximately $6m

Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait

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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