US Secretary of State Antony Blinken during a Senate Appropriations Committee hearing last month. AFP
US Secretary of State Antony Blinken during a Senate Appropriations Committee hearing last month. AFP
US Secretary of State Antony Blinken during a Senate Appropriations Committee hearing last month. AFP
US Secretary of State Antony Blinken during a Senate Appropriations Committee hearing last month. AFP

Antony Blinken to travel to China next week


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Secretary of State Antony Blinken is planning to travel to China this month as President Joe Biden's administration pushes to improve badly deteriorated ties with Beijing.

US officials say Mr Blinken expects to be in Beijing on June 18 for meetings with senior Chinese officials, including Foreign Minister Qin Gang and possibly President Xi Jinping.

The officials spoke on condition of anonymity because neither the State Department nor the Chinese foreign ministry have yet confirmed the trip.

State Department spokesman Vedant Patel said: “We have no travel for the Secretary to announce".

The visit, which was agreed between Mr Xi and Mr Biden last year at a meeting in Bali, had been initially planned for February but was postponed after the spy balloon incident in which the US shot down a Chinese aircraft that Beijing insisted was a weather balloon that had strayed off course.

Since then, there have been contacts between the US and China, but they have been rare as tension has risen over China's conduct in the South China Sea, aggressive actions towards Taiwan and support for Russia's war against Ukraine.

Last week, China's Defence Minister rebuffed a request from US Defence Secretary Lloyd Austin for a meeting on the sidelines of a security symposium in Singapore.

However, China's Commerce Minister travelled to the US last month and Mr Biden's National Security Adviser Jake Sullivan met China's top diplomat, Wang Yi, in Vienna in early May.

The White House said at the time that the meeting “was part of ongoing efforts to maintain open lines of communication and responsibly manage competition”.

“The two sides agreed to maintain this important strategic channel of communication to advance these objectives,” it said.

More recently, the top US diplomat for the Asia-Pacific region, Daniel Kritenbrink, travelled to China earlier this week along with a senior National Security Council official.

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  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
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  • Disruption Lab and Research Centre for developing entrepreneurial skills
Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less
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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Updated: June 09, 2023, 3:32 PM