UAE – Mubasher: The UAE Ministry of Finance (MoF) announced that new selective taxes on e-smoking devices and tools and sweetened beverages will come into effect as of 1 December.
This decision comes in line with the government’s efforts to alleviate consumer behaviours that are harmful to health by imposing a selective tax on tobacco and energy and soft drinks, according to a press release.
Saeed Rashid Al Yateem, Assistant Under-Secretary of Resource and Budget Sector, said that MoF is keen on working with the relevant authorities in the UAE to conduct studies on the direct and indirect negative impacts of harmful consumer products.
The ministry is also determined to perform periodic studies on the selective tax to ensure the optimum application of the tax in the country in order to achieve the objectives of the government aiming at providing healthy and fancy life for all individuals, Al Yateem added.
The MoU is working on the development of its legal and legislative systems to bolster the UAE’s position and ranking across the global competitiveness indictors.
