Articles on the topic "excise tax"

The UAE’s Federal Tax Authority (FTA) has approved a new tiered excise tax policy on sweetened drinks based on sugar content and reported that corporate tax registrations have surpassed 651,000, underscoring the success of the nation’s ongoing fiscal reforms.

UAE Ministry of Finance introduces a new tiered tax system for sugar-sweetened beverages starting January 2026, encouraging healthier drink choices and aligning with GCC standards.

Most businessmen consider the UAE to be a perfect place for business development due to its favorable tax policy. However, there have been significant changes to standard tax procedures.

Since the beginning of 2022, real estate prices in the UAE mega-cities doubled, and demand exceeded supply. In the UAE, federal and regional taxes may differ and it depends on the emirate. The choice between the free zone and the rest of the territory depends on nationality, the company’s physical presence in the UAE, profit margins, the presence of exports, and its nature. 

When it comes to jewelry, Dubai is second to none. Firstly, historically Dubai is the birthplace of pearl divers. Secondly, the world’s largest Gold Bazaar operates here.