UAE cracking down on tax evasion

123 RF / marcbruxelle

Tobacco products that don't have a digital VAT stamp will soon be banned from the UAE's markets

The Federal Tax Authority (FTA) says the selling and distribution of unmarked tobacco products will be prohibited from August 1.

It's part of the FTA's efforts to combat tax evasion and better monitor markets.

"Digital marks will be placed on the packaging of tobacco products and registered in the FTA database," said Khalid Ali Al Bustani, Director-General of the FTA.

"The marks contain data that can be read using a sophisticated device."

 

 

 

More from Business

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 11:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • Lunch with Lloyd

    11:00am - 2:00pm

    No one knows entertainment better than veteran Dubai broadcaster Mark Lloyd.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Meet Gift, female food delivery driver

    Gift came here from Nigeria and failed to find a job, until a pizza company offered her one. She's now one of the very few female delivery drivers in the UAE.

  • FARMER'S KITCHEN

    Farmer's Kitchen is back for 2021!
    With our partners Spinneys, we are going to help you wave goodbye to boring dinners, cluttered fridges, and lumpy leftovers!