Posts

Showing posts with the label excise tax
Image
       What is Excise Tax Dubai  ? Excise tax Dubai UAE is an Indirect tax that is levied on specific products. It was introduced in 2017 and is levied on specific goods that are harmful to human health and the environment. This was introduced to reduce consumption of these products and increase government revenue that in turn is spent on public services. The UAE Ministry of Finance has announced that excise will be applied to tobacco (100% rate), electronic smoking devices (100%rate), energy drinks (100% rate), carbonated drinks (50% rate), and sweetened drinks. This has the potential to significantly reduce the consumption of such high sugar and harmful products. How is a product categorized under excise tax Dubai? Contact Us Now  There are mainly 3 categories of products that come under excise tax. Carbonated drinks including any aerated beverage except for unflavored aerated water. Also considered in this category are any concentrations, powders, gels, ...