Two men check their phones as a television screen shows file footage of a North Korean missile test during a news broadcast in Seoul on May 12, 2022, after Seoul's military said it had detected three short-range ballistic missiles fired from near Pyongyang. AFP
Two men check their phones as a television screen shows file footage of a North Korean missile test during a news broadcast in Seoul on May 12, 2022, after Seoul's military said it had detected three short-range ballistic missiles fired from near Pyongyang. AFP
Two men check their phones as a television screen shows file footage of a North Korean missile test during a news broadcast in Seoul on May 12, 2022, after Seoul's military said it had detected three short-range ballistic missiles fired from near Pyongyang. AFP
Two men check their phones as a television screen shows file footage of a North Korean missile test during a news broadcast in Seoul on May 12, 2022, after Seoul's military said it had detected three

North Korea fires 3 ballistic missiles as US president considers visit to DMZ


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North Korea fired three ballistic missiles off its east coast on Thursday, South Korea and Japan said, in its latest tests aimed at advancing its weapons programmes.

Following the news, White House Press Secretary Jen Psaki said on Thursday that US President Joe Biden is considering a trip to the Korean Demilitarised Zone (DMZ) when he visits Asia later this month.

Mr Biden is expected to visit South Korea and Japan from May 20-24 and hold talks with his South Korean and Japanese counterparts.

Ms Psaki said the White House was still finalising details of the Asia schedule but a trip to the heavily fortified DMZ separating North and South Korea is a visit that is made by many who visit the region.

Several former US presidents, and Mr Biden himself before he became president, have visited the DMZ, but former president Donald Trump became the first to meet a North Korean leader there when he held a third meeting with Kim Jong-un in June 2019 as part of his unsuccessful effort to persuade him to give up his nuclear and missile programmes.

The DMZ is often described as the world's last Cold War frontier and has existed since the 1950-53 Korean War ended in an armistice rather than a peace treaty.

Ms Psaki repeated a US assessment that North Korea could be ready to conduct a seventh nuclear test as early as this month.

  • North Korean leader Kim Jong-un celebrating the test-firing of a 'newly developed super-large multiple rocket launcher' at an undisclosed location. AFP
    North Korean leader Kim Jong-un celebrating the test-firing of a 'newly developed super-large multiple rocket launcher' at an undisclosed location. AFP
  • A uranium enrichment plant at North Korea's main Yongbyon nuclear complex. AP
    A uranium enrichment plant at North Korea's main Yongbyon nuclear complex. AP
  • A test missile is launched from a train in an undisclosed location of North Korea. AP
    A test missile is launched from a train in an undisclosed location of North Korea. AP
  • People in Seoul, South Korea, watch a news report on North Korea firing what appears to be a pair of ballistic missiles off its east coast. Reuters
    People in Seoul, South Korea, watch a news report on North Korea firing what appears to be a pair of ballistic missiles off its east coast. Reuters
  • A map detailing North Korea's missile launch towards the Sea of Japan, part of a news broadcast at Akihabara, Tokyo. AFP
    A map detailing North Korea's missile launch towards the Sea of Japan, part of a news broadcast at Akihabara, Tokyo. AFP
  • Kim Jong-un attending a military parade to mark the 70th anniversary of the Korean People's Army at Kim Il-sung Square in Pyongyang. AFP
    Kim Jong-un attending a military parade to mark the 70th anniversary of the Korean People's Army at Kim Il-sung Square in Pyongyang. AFP
  • Kim Jong-un is all smiles as he watches the military parade in the North Korean capital Pyongyang. AFP
    Kim Jong-un is all smiles as he watches the military parade in the North Korean capital Pyongyang. AFP
  • What appears to be submarine-launched ballistic missiles are displayed, marking the eighth Congress of the Workers' Party of Korea (WPK) in Pyongyang. AFP
    What appears to be submarine-launched ballistic missiles are displayed, marking the eighth Congress of the Workers' Party of Korea (WPK) in Pyongyang. AFP
  • Hwasong-12 ballistic at Kim Il-sung Square, Pyongyang. AFP
    Hwasong-12 ballistic at Kim Il-sung Square, Pyongyang. AFP

North Korea has not tested a nuclear bomb since 2017, but resumed testing of intercontinental ballistic missiles this year.

“We shared this information with allies and partners and are closely coordinating with them,” Ms Psaki said.

North Korea has recently stepped up weapons tests and resumed intercontinental ballistic missile launches this year for the first time since 2017.

US and South Korean officials have been saying for weeks that there are signs of new construction at Punggye-ri, North Korea's only known nuclear test site, and that Pyongyang could soon test another bomb.

In condemning the latest launch, the US State Department said it remained committed to a diplomatic approach with North Korea and reiterated a call for Pyongyang to return to dialogue.

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Rating: 4.5/5

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If a business does not apply for the refund on time, they lose their credit.

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3. More tax audits

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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

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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 

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Transplants from the deceased have been carried out in hospitals across the globe for decades, but in some countries in the Middle East, including the UAE, the practise was banned until relatively recently.

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One school of thought viewed the removal of organs after death as equally impermissible.

That view has largely changed, and among scholars and indeed many in society, to be seen as permissible to save another life.

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Updated: May 12, 2022, 11:33 PM