UAE tax on sugary drinks and e-cigarettes to start early

123RF

The UAE is introducing excise tax on sweetened drinks and e-cigarettes, a month earlier than initially planned.

According to the Federal Tax Authority (FTA), the charges will come into effect from December 1. 

As reported by ARN News Centre in August, sugary drinks will be hit with a 50 per cent tax, while the cost of vaping devices and fluid will be doubled.

The FTA has urged producers and importers of these products to register with the tax system before December.

The UAE initially introduced excise tax ranging from 50-100 per cent on harmful goods such as tobacco, soft and energy drinks in October 2017, and the federal cabinet announced the expansion of the scheme in August.

More from Business

  • Disney settles suit over women's pay for $43 million

    Walt Disney has agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million less than their male counterparts over an eight-year period, the plaintiffs' lawyers said in a statement on Monday.

  • Etihad Airways adds ten new destinations for 2025

    UAE carrier Etihad Airways is set to introduce ten new destinations starting in 2025, expanding its global presence as it brings tens of thousands of new visitors to the capital.

  • Trump pledges new tariffs on Canada, Mexico, China

    US President-elect Donald Trump on Monday pledged a 25 per cent tariff on all products from Mexico and Canada from his first day in office, and an additional 10 per cent tariff on goods from China, citing illegal immigration and the trade of illicit drugs.

  • UAE and Bahrain finalise ICV programmes procedures

    The UAE and Bahrain have finalised the procedures required to implement an MoU, signed last January, that fosters cooperation between the National In-Country Value (ICV) Programme and Bahrain’s Value Programme in Industry, known as Takamul.

Coming Up