Bernardino Leon, special representative and head of the United Nations Support Mission in Libya, holds a press conference on April 15, 2015 in the Morrocan city of Skirate, ahead of a new round of peace talks on the Libyan conflict. Fadel Senna/AFP Photo
Bernardino Leon, special representative and head of the United Nations Support Mission in Libya, holds a press conference on April 15, 2015 in the Morrocan city of Skirate, ahead of a new round of peace talks on the Libyan conflict. Fadel Senna/AFP Photo
Bernardino Leon, special representative and head of the United Nations Support Mission in Libya, holds a press conference on April 15, 2015 in the Morrocan city of Skirate, ahead of a new round of peace talks on the Libyan conflict. Fadel Senna/AFP Photo
Bernardino Leon, special representative and head of the United Nations Support Mission in Libya, holds a press conference on April 15, 2015 in the Morrocan city of Skirate, ahead of a new round of pea

UN presses Libya peace talks under shadow of drownings


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SKHIRAT, MOROCCO // Delegates from Libya’s rival parliaments gathered in Morocco on Thursday for what UN mediators demanded be a “final” push for a unity government to stem mounting extremism and a desperate exodus of asylum-seekers.

Rival governments have battled for power in the North African country since last August and on Wednesday an air trike blamed on the internationally recognised administration hit an airbase controlled by its opponent.

Militants loyal to the ISIL group which controls swathes of Iraq and Syria have exploited the power struggle to launch increasingly grisly attacks including the videotaped beheadings of 21 Christians in February.

UN envoy Bernardino Leon, who has been shuttling between the warring sides for months, said that the reported drowning of up to 400 would-be asylum-seekers off the Libyan coast earlier this week should be the spur for an agreement.

“I really hope that the negotiators that are coming today are understanding that we cannot wait any more and this will really be the final round,” Mr Leon said.

The UN envoy called on the rival negotiating teams to thrash out the full details of a unity government, including the names of ministers, to replace the rival administrations in Tripoli and Tobruk.

“This is Libya today — terrorism, no control on the borders, people dying every day in the Mediterranean, airstrikes ... it cannot go on,” said Mr Leon.

On Thursday, at least 41 migrants drowned after another boat carrying refugees sank in the Mediterranean, Italian media reported.

Survivors said their inflatable vessel carrying 45 people sank on the crossing from Libya. It came days after some 400 people drowned when their boat capsized off Libya.

Italy pleaded for more help to rescue migrants risking their lives to cross the Mediterranean on Thursday, and demanded a “clear answer” from the European Union about where the refugees should be sent.

The same day, Italian police arrested 15 African Muslim migrants after witnesses said they had thrown 12 Christian passengers overboard following a brawl on a boat heading to Italy.

* Agence France-Presse

AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street

The seven points are:

Shakhbout bin Sultan Street

Dhafeer Street

Hadbat Al Ghubainah Street (outbound)

Salama bint Butti Street

Al Dhafra Street

Rabdan Street

Umm Yifina Street exit (inbound)

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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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