Regulation, Risk & Compliance
Tax
Uncategorized
UAE 'sin tax' comes into effect today
The UAE’s Excise Tax came into effect today, doubling the price of tobacco and increasing the price of soft drinks by 50 percent. Soft drink prices will increase from AED1.50 to AED2.25 while the price of a pack of 20 cigarettes will double from AED8 to AED16. The so-called “sin…
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Click here to read the full story: Arabian Business