Sin Tax
#1
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.
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.
Last edited by Millhouse; Aug 23rd 2017 at 7:51 am.
#2
BE Forum Addict
Joined: Jan 2015
Posts: 3,520
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.
A coke goes from 1.5 to 2.25 AED? Dang. That will screw up my budget.
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.
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 ($1.9 billion) in annual revenue for the U.A.E. government, according to WAM. Energy drinks and tobacco products will be subjected to a 100 percent tax, while the levy on soft drinks will be 50 percent, Al Khoori said.
#3
Re: Sin Tax
A pack of ciggies goes from 10 to 20 AED. That's still less than five quid and half the price as the UK. Don't see the Lebbos cutting back but the Egyptians will mightily complain. The Indians will delve into a black market.
A coke goes from 1.5 to 2.25 AED? Dang. That will screw up my budget.
A coke goes from 1.5 to 2.25 AED? Dang. That will screw up my budget.
However, I'm surprised by the numbers (if they are true) - 1.9$ billion of cash taken out of the economy to the government. That's quite significant - especially when the GDP of Dubai is only around $100bn
#4
Re: Sin Tax
Well, given that I don't smoke or drink soft drinks it won't affect me.
However, I'm surprised by the numbers (if they are true) - 1.9$ billion of cash taken out of the economy to the government. That's quite significant - especially when the GDP of Dubai is only around $100bn
However, I'm surprised by the numbers (if they are true) - 1.9$ billion of cash taken out of the economy to the government. That's quite significant - especially when the GDP of Dubai is only around $100bn
#5
BE Forum Addict
Joined: Jan 2015
Posts: 3,520
Re: Sin Tax
A tax on coffee is what would affect me the most.
Why hasn't that been tried?
Why hasn't that been tried?
Well, given that I don't smoke or drink soft drinks it won't affect me.
However, I'm surprised by the numbers (if they are true) - 1.9$ billion of cash taken out of the economy to the government. That's quite significant - especially when the GDP of Dubai is only around $100bn
However, I'm surprised by the numbers (if they are true) - 1.9$ 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
#6
Re: Sin Tax
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.
#7
Hit 16's
Joined: Mar 2010
Location: Of all the gin joints, in all the towns, in all the world, she walks into mine
Posts: 13,112
Re: Sin Tax
...
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.
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.
#10
Hit 16's
Joined: Mar 2010
Location: Of all the gin joints, in all the towns, in all the world, she walks into mine
Posts: 13,112
#11
Hit 16's
Joined: Mar 2010
Location: Of all the gin joints, in all the towns, in all the world, she walks into mine
Posts: 13,112
#13
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
I dont smoke...anymore
I vape...yes I am cool, deal with it