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UAE begins collecting 'sin' taxes on tobacco, energy drinks

The GCC includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE

AP | PTI  |  Dubai 


The United Arab Emirates has begun collecting new "sin" taxes on products, energy drinks and soft drinks.

Beginning today, and energy drinks will be taxed at 100 per cent and soft drinks at 50 per cent. Shoppers could be seen stocking up the day before.

The new tax push comes as the and other oil-rich Gulf nations have struggled with low global energy prices. The will start collecting a 5-per cent value-added tax on certain goods in January.

All six members of the Gulf Cooperation Council have agreed to begin collecting so-called taxes, though may begin later than January.

The GCC includes Bahrain, Kuwait, Oman, Qatar, and the

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sun, October 01 2017. 17:52 IST