Cigarettes and energy drinks double in price

1/9/2017

   

Description

The Sin Tax/Excise Tax will reach 100 percent for tobacco and energy drinks and 50 percent for sugary fizzy drinks. The tax will come into force on 1 October 2017 and shall impact the excise goods consumed inside the country, including all the country's free zones and ports.

The aim of the tax is to generate revenues for the government, whilst reducing the diseases linked to unhealthy products, including obesity and cancer. As per initial estimates, the tax is forecast to generate up to around Dh7 billion in annual revenues for the Federal Budget.