Tobacco and energy drinks will be taxed at 100 percent and soft drinks at 50 percent
Several cans of energy drinks, which will be among the products affected by UAE's new tax, photo: Wikimedia
21 of August 2017 12:27:09
DUBAI – The United Arab Emirates has issued a new law that imposes taxes on tobacco products, energy drinks and soft drinks to boost revenue and help offset the impact of lower oil prices.President of the UAE Sheikh Khalifa bin Zayed Al Nahyan approved the tax decree Monday. Abu Dhabi's The National news website reports that tobacco and energy drinks will be taxed at 100 percent and soft drinks at 50 percent.