UAE Excise Tax On E-cigarettes, Sugary Drinks To Start On December 1

Tuesday October 08, 2019.

UAE's Federal Tax Authority called on producers and importers to register for the excise tax system at the earliest to avoid late registration fines

UAE excise tax on e-cigarettes, sugary drinks to start on December 1

The UAE initially introduced 50-100 percent excise tax on harmful goods such as soft and energy drinks and tobacco in October 2017 in a bid to improve public health.

The excise tax on electronic smoking devices and sweetened beverages will be effective as of December 1, 2019, according to the Federal Tax Authority (FTA).

The authority called on producers and importers of the products to register for the excise tax system at the earliest to avoid late registration fines.

The UAE initially introduced 50-100 percent excise tax on harmful goods such as soft and energy drinks and tobacco in October 2017 in a bid to improve public health and cover the costs of public services through the newfound government revenue.

At the time, over 1,700 items were subjected to the excise tax, with 60 percent being soft drinks, 26 per cent being tobacco products and 14 per cent being energy drinks.

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

UAE Excise Tax On E-cigarettes, Sugary Drinks To Start On December 1

DIFC Courts Embrace Blockchain Tools For Complex Digital Asset Cases

UAE Announces Major Changes To Corporate Tax Rules

Kuwait To Launch Dedicated Banking Crimes Prosecution Office In 2026

Islamic Development Bank Approves $1.365bn Financing In 12 Countries

UAE Tops MENA Crypto Adoption And Ranks 5th Worldwide – Report

ADIO, Primavera To Collaborate To Attract High-growth Companies To Abu Dhabi

navigation

media coverage

follow us