The UAE Is Going To Add Tax To Fizzy Drinks And Tobacco This Year

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The UAE is implementing a tax on tobacco products as well as fizzy and energy drinks, it has been announced. 

The Minister of State for Financial Affairs announced the plans to tax the unhealthy products at the Federal National Council on Wednesday, and said it would be applied this year. 

The taxes applied to tobacco are estimated to bring in AED2 billion. 

The move comes ahead of the implementation in 2018 for VAT across the GCC

The tax could be up to 100%, as this is the cap for such a tax on products - though Saudi Arabia has recently placed a 35% tax on fizzy drinks, and a 100% tax on tobacco. 

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Caitlyn Davey

Caitlyn is an Aussie journalist looking to change the world. In her spare time she loves playing sport, travelling and basically doing anything that means she doesn't have to sit still.

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