100% Tax coming to the UAE! (Duplicate)
UAE has announced that this year taxes will be applied on selected goods.
Taxes will be applied on tobacco, Energy Drinks and Soft Drinks!
What's the increase?
100% tax will be applied to tobacco and energy drinks, and a 50% tax on Soft Drinks.
In the fourth quarter of 2017, according to The Federal Tax Authority (FTA).
Why Does the Government Implement Taxes?
The money you pay in taxes goes to many places and helps to support common resource.
Shaikh Hamdan elaborated on the reasoning behind VAT, citing that the tax is being introduced to achieve economic diversification in preparation for the post-oil era.
Fizzy drinks lovers, get enough of your favorites before prices go up!