Latest News

CONNECT, NOW.
We understand the importance of availability, and we act on it.

New Excise Tax in UAE Starting December

27/10/2019

The UAE Ministry of Finance announced its decisions to expand the list of items which are harmful for consumption by imposing excise tax starting December 1, 2019.

The UAE Ministry of Finance announced its decisions to expand the list of items which are harmful for consumption by imposing excise tax starting December 1, 2019. In addition to taxes on tobacco products, energy drinks and soft drinks, excise tax has been imposed on e-cigarettes and beverages with added sugar.

This includes Cabinet Decision No. 52 of 2019 on excise goods, excise tax rates, the methods to calculate excise prices, amendment of Cabinet Resolution No. 38 of 2017 on excise goods, excise tax rates, the formula to calculate excise prices as well as Cabinet Decision No. 55 of 2019 on excise price of tobacco products.

These decisions are based on the UAE’s efforts to reduce harmful consumer practices by studying the negative effects of harmful consumption patterns; to fulfil the government’s goals of well-being for all members of society; and to achieve the third Sustainable Development Goals to ensure healthy lives for all at all ages.

You might also like...
Borrowers and Credit Card Holders Beware!
On 4 May 2022, the Central Bank of UAE (CBUAE) raised the Base Rate applicable to the Overnight Deposit Facility (ODF) by 50 points. This decision was influenced after the U.S. Federal Reserve raised its target rate by 50 points in the face of inflation.
read More
Small Business Owners, Rejoice!
The UAE has always been an attractive hub for business owners from all over the world due to its tax-free commerce status. The government is now focusing on new beginnings and has set new rules to help local and small businesses thrive.
read More
Looking to Set-Up your Business? Don't Miss this Opportunity!
Check out this game-changing package which benefits investors in terms of paying the fees for their business setup on an ongoing monthly basis. Potential investors are required to sign a lease contract and move their operations into the free zone before the end of January 2022 to avail the offer!
read More
SEE ALL INSIGHTS
Thanks, got it!
Something went wrong, please try again.

Use our online calendar to set up your own appointment and connect to an elawyer for a consultation.