Part of the wing of missing flight MH370 is thought to have washed up on Reunion. Raymond Wae Tion / EPA
Part of the wing of missing flight MH370 is thought to have washed up on Reunion. Raymond Wae Tion / EPA
Part of the wing of missing flight MH370 is thought to have washed up on Reunion. Raymond Wae Tion / EPA
Part of the wing of missing flight MH370 is thought to have washed up on Reunion. Raymond Wae Tion / EPA

Are there any lessons to gain from MH370?


  • English
  • Arabic

With the recovery of more debris strongly suspected to have originated from the missing Malaysia Airlines flight MH370, a vexing aviation mystery is much closer to being solved. If confirmed, it offers strong support to the prevailing theory that the flight crashed in the southern Indian Ocean and ought to dispel some of the more far-fetched conspiracy theories about the disappearance.

Despite the anxiety to the flying public caused by the disappearance of MH370, those who fly now owe a significant debt to decades of rigorous investigations into previous crashes. Particularly since the mandating in the 1960s of the black box system, comprising a flight data recorder and a cockpit voice recorder, aviation authorities have been able to better identify and sometimes eliminate – or at least mitigate – the factors that cause serious incidents.

MH370’s black box might still be found, 16 months after the plane diverted from its intended flight path from Kuala Lumpur to Beijing. Black boxes have been recovered from deep-sea locations up to two years after a crash. In the case of an Air France flight that crashed into the Atlantic ocean while flying from Brazil to France in 2009, debris was located at a depth of nearly 4,000 metres.

But in this case, while finding the recorders might go some way to solving the mystery of MH370, it is unlikely that it will take aviation security much further forward. It seems probable that the plane was deliberately diverted then downed by one of the pilots in a similar fashion to the crash that killed 200 people in the Germanwings disaster of March this year. Cockpit security measures now being adopted after that tragedy should go much of the way to preventing future pilot suicide incidents – although probably nothing will ever prevent a truly determined pilot from killing himself and his innocent passengers.

In future, too, planes will be fitted with transponders to track their movements that can’t be switched off from the flight deck. This will help in tracing the location of a missing aircraft but again will do little to prevent any tragedy occurring in the first place.

We, of course, hope that after the discoveries on Reunion, the search for the black boxes will be more fruitful. But it is likely that all they will confirm is the “how” of this disaster and not the “why”.

Honeymoonish
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Elie%20El%20Samaan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ENour%20Al%20Ghandour%2C%20Mahmoud%20Boushahri%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
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

Bullet%20Train
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20David%20Leitch%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Brad%20Pitt%2C%20Aaron%20Taylor-Johnson%2C%20Brian%20Tyree%20Henry%2C%20Sandra%20Bullock%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Kill%20Bill%20Volume%201
%3Cp%3E%3Cstrong%3EDirector%3C%2Fstrong%3E%3A%20Quentin%20Tarantino%3Cbr%3E%3Cstrong%3EStars%3C%2Fstrong%3E%3A%20Uma%20Thurman%2C%20David%20Carradine%20and%20Michael%20Madsen%3Cbr%3E%3Cstrong%3ERating%3C%2Fstrong%3E%3A%204.5%2F5%3C%2Fp%3E%0A