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Sin Tax
Sin tax coming for energy drinks, coke and tabacco from October.
President issues decree on Excise Tax | GulfNews.com https://www.bloomberg.com/news/artic...-boost-revenue The levy is estimated to generate around 7 billion dirhams ($1.9 billion) in annual revenue for the U.A.E. government, according to WAM. Energy drinks and tobacco products will be subjected to a 100 percent tax, while the levy on soft drinks will be 50 percent, Al Khoori said. |
Re: Sin Tax
A pack of ciggies goes from 10 to 20 AED. That's still less than five quid and half the price as the UK. Don't see the Lebbos cutting back but the Egyptians will mightily complain. The Indians will delve into a black market.
A coke goes from 1.5 to 2.25 AED? Dang. That will screw up my budget.
Originally Posted by Millhouse
(Post 12322532)
Sin tax coming for energy drinks, coke and tabacco from October.
President issues decree on Excise Tax | GulfNews.com https://www.bloomberg.com/news/artic...-boost-revenue The levy is estimated to generate around 7 billion dirhams ($1.9 billion) in annual revenue for the U.A.E. government, according to WAM. Energy drinks and tobacco products will be subjected to a 100 percent tax, while the levy on soft drinks will be 50 percent, Al Khoori said. |
Re: Sin Tax
Originally Posted by DXBtoDOH
(Post 12322539)
A pack of ciggies goes from 10 to 20 AED. That's still less than five quid and half the price as the UK. Don't see the Lebbos cutting back but the Egyptians will mightily complain. The Indians will delve into a black market.
A coke goes from 1.5 to 2.25 AED? Dang. That will screw up my budget. However, I'm surprised by the numbers (if they are true) - 1.9$ billion of cash taken out of the economy to the government. That's quite significant - especially when the GDP of Dubai is only around $100bn |
Re: Sin Tax
Originally Posted by Millhouse
(Post 12322543)
Well, given that I don't smoke or drink soft drinks it won't affect me.
However, I'm surprised by the numbers (if they are true) - 1.9$ billion of cash taken out of the economy to the government. That's quite significant - especially when the GDP of Dubai is only around $100bn |
Re: Sin Tax
A tax on coffee is what would affect me the most.
Why hasn't that been tried?
Originally Posted by Millhouse
(Post 12322543)
Well, given that I don't smoke or drink soft drinks it won't affect me.
However, I'm surprised by the numbers (if they are true) - 1.9$ billion of cash taken out of the economy to the government. That's quite significant - especially when the GDP of Dubai is only around $100bn |
Re: Sin Tax
Originally Posted by TheShed
(Post 12322545)
And then VAT in January. I know its a new tax but surely that will also remove some disposable from that GDP budget as well??
Fully agree though with your point, at some point it will have to bite. You can't just take from the economy and expect no negative effects, unless you believe that it all gets reinvested back in and there is the multiplier effect. |
Re: Sin Tax
Originally Posted by Millhouse
(Post 12322532)
...
The levy is estimated to generate around 7 billion dirhams ($1.9 billion) in annual revenue for the U.A.E. government, according to WAM. Energy drinks and tobacco products will be subjected to a 100 percent tax, while the levy on soft drinks will be 50 percent, Al Khoori said. |
Re: Sin Tax
Originally Posted by TheShed
(Post 12322545)
And then VAT in January. I know its a new tax but surely that will also remove some disposable from that GDP budget as well??
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Re: Sin Tax
Originally Posted by Bahtatboy
(Post 12322588)
That's poor syntax.
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Re: Sin Tax
Originally Posted by Millhouse
(Post 12322597)
I also wonder if they will start taxing the girls serving the cocks as well as the cokes.
(Deliberately syntactically ambiguous.) |
Re: Sin Tax
Originally Posted by Millhouse
(Post 12322597)
I also wonder if they will start taxing the girls serving the cocks as well as the cokes.
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Re: Sin Tax
Originally Posted by Millhouse
(Post 12322543)
Well, given that I don't smoke or drink soft drinks it won't affect me.
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Re: Sin Tax
so fags bought from duty free will be cheaper or more expensive now?
I dont smoke...anymore I vape...yes I am cool, deal with it |
Re: Sin Tax
Originally Posted by DXBtoDOH
(Post 12322539)
A coke goes from 1.5 to 2.25 AED? Dang. That will screw up my budget.
Interesting. |
Re: Sin Tax
I'm pleased that booze isn't included.
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