UAE excise tax ‘may lead to some products disappearing from shop shelves’ | The National

UAE excise tax ‘may lead to some products disappearing from shop shelves’ | The National:

"The introduction this year of excise taxes on sugary drinks and tobacco is expected to have a broad effect on importers, manufacturers and suppliers in the UAE, tax experts said. The Federal Tax Authority said on Tuesday that excise taxes would be introduced in the last quarter of this year at a rate of 100 per cent for tobacco and energy drinks and 50 per cent for sugary fizzy drinks. The authority will open tax registration in the third quarter of the year for companies that produce, import or store these products."



'via Blog this'