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UAE President Issues Excise Tax Decree

by Lorys Charalambous, Tax-News.com, Cyprus

22 August 2017


President of the United Arab Emirates, Khalifa bin Zayed Al Nahyan, on August 21 issued a Federal Decree on Excise Tax, with the levy to be imposed on selected products, including tobacco products, some types of soft drink, and energy drinks.

Excise tax will be payable at a 50 percent rate on soft drinks, and at a rate of 100 percent on energy drinks and tobacco products.

In addition to dis-incentivizing behaviors harmful to health, the tax is designed to diversify the government's revenue streams and boost its coffers.

The tax is expected to be imposed from October 2017.

TAGS: United Arab Emirates | tax | sales tax | excise duty | retail

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