Big fines for retailers who sell cigarettes without tax stamp

123 RF / grazvydas

Authorities in the UAE have announced harsh penalties for selling cigarettes without the new digital tax stamp.

Retailers in the UAE who don't implement the new digital tax stamp scheme on tobacco products could be fined up to AED 50,000.

The Federal Tax Authority (FTA) says the penalties have been introduced to protect consumers and halt the sale of smuggled goods.

The system, which came into effect on the first of May, bans the import of cigarettes that don’t bear the digital stamp.

It's also designed to help the FTA ensure compliance with excise tax requirements.

 

More from Business

Coming Up on Dubai Eye

  • The Agenda

    10:00am - 1:00pm

    Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.

  • Entertainment Extra

    1:00pm - 2:00pm

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.