Excise Product Amendment in UAE
In order to direct reducing the negative effects of damaging consumption patterns. The UAE Ministry of Finance announced. the details of the Excise Product Amendment in UAE. of Cabinet Resolution regarding excise goods, rates and the calculate the excise price.
In addition to the wares currently subject to UAE. (i.e. tobacco products. soft drinks and energy drinks), excise tax will also be impose on e-cigarettes and the liquids secondhand with them. as well as beverages sweets with added sugar.
The decision to modify excise goods. And the formula of calculating excise price is to achieve government directives. in terms of rationalize purchaser conduct same to harmful products. which contributes to raising community members’ public health levels. and reducing the neg.ative health results caused by these products. This decision is in line with the UAE’s commitment to implementing. The GCC Unifit accord for Excise Product Amendment in UAE. and to complement efforts to attain economic integration among the GCC countries. UAE Minister of State for Financial affairs point out that these amendments. The Cabinet’s decision on Excise Product Amendment in UAE are part of the UAE. desire to reduce harmful consumer practices by establishing. a legislative and procedural base that supports governmental. efforts to curb unhealthy practices that cause chronic diseases.
What is Excise Product Amendment?
These amendments come in line with the government’s orientation that policy. targets consumption patterns injurious to public health. in order to complement efforts to raise awareness about. The harm effects of consumables harmful to health. It contributes to strengthening the health system’s work in Designated Zone. controlling prevalent illness and reducing the cost of treating them. promoting community health. motivating individuals to spend effectively, reducing the negative impact of harmful. substances on the environment and encouraging producers to grow better alternatives.
Pursuant to these amendments, effectual January 1, 2020, a 100 per cent excise tax. on electronic smoking appliances and liquids used in these devices, and 50 per cent excise tax. on beverages and sugary drinks has been set. These merchandise were identifie in addition to existing excise wares such as tobacco and tobacco products. (100 per cent), energy drinks (100 per cent) and soft drinks (50 per cent).
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