The United Arab Emirates has imposed sin taxes (read excise tax) on various products that affect health.
The United Arab Emirates has imposed sin taxes (read excise tax) on various products that affect health. There has been a rapid growth in the cases of diabetes, obesity, and heart disease soar in the country and the government is seeking to reduce consumption of harmful products through an excise tax on sugary drinks and tobacco. The new excise taxes, which have come into force on October 1, are sure to push prices up across the board. Oh yes, did we tell you that mobility too is set to cost you more? Well, unbelievable as it sounds, price of petrol too is set to soar! So, here are the goods citizens (or residents) of UAE will have to shell out more:
The price of colas (sodas) expected to increase from 2 Dirham per can to 3 Dirham per can.
Cigarettes, on an average, will now cost around 20 Dirham, depending on the brand one chooses.
Tobacco will now attract 100 per cent excise tax. As per experts, this will lead to a substantial slump in the usage of tobacco products.
Energy drinks, on an average, will cost around 16 Dirham, depending on the brand one goes for.
Prices of petrol and diesel in the UAE have scaled up to a two-year high – both fuels have surged by more than 10 fils a litre.
The tax will be implemented in shops, supermarkets, restaurants and hotels, or anywhere else you might buy these products in the UAE from