Dubai - Residents will be paying double the price for tobacco products and energy drinks, while prices of sugary drinks will increase by 50 per cent.
The UAE on October 1 implemented excise tax on select items in the country, sending consumers rushing to supermarkets over the weekend to purchase these items at lower prices before the "sin tax" kicked in.
Residents will be paying double the price for tobacco products and caffeinated drinks, while prices of sugary drinks will increase by 50 per cent.
Excise tax to start new era for UAE
The tax affects specific "excise" goods that are produced in the UAE, imported into it or stockpiled in the Emirates, as well as excise goods released from a designated zone.
Can a store sell existing stock at old rates?