UAE imposes 100% “sin” taxes on tobacco, energy drinks

Dubai: The United Arab Emirates has imposed new “sin” taxes on tobacco products, energy drinks and soft drinks.

According to the report published in The Hindu, starting from Sunday, the tax for tobacco and energy drinks will be 100% and for soft drinks, it will be 50%.

This new tax is introduced due to low global energy prices.

It is also reported that UAE will start collecting a 5% VAT on certain goods from January. This decision was made after all six members of GCC agreed for it.

It may be mentioned that GCC includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE.