Two new tobacco products will soon be added to the Federal Tax Authority's (FTA) digital tax stamp scheme.
From November 1, water pipes and e-cigarettes sold in the UAE will have to feature a digital tax stamp.
Initially, the scheme only covered cigarette packs.
It will involve electronic monitoring of tobacco products to ensure that sellers fully comply with the payment of excise tax.
Authorities say it'll help them combat tax evasion and protect consumers from commercial fraud.
Spinneys sets IPO price range at AED1.42-AED1.53
Supermarket chain Spinneys is seeking to raise as much as $375 million from the sale of a 25 per cent stake in an initial public offering, it disclosed on Tuesday.
Meta opens Quest operating system to third-party device makers
Meta Platforms is sharing its Quest headset's operating system with rival device makers, including Microsoft, for the first time, it said on Monday, as it works to extend its influence over the emerging virtual and mixed reality industry.
UAE calls for international collaboration to solve global challenges
The United Arab Emirates has committed to further global collaboration to find solutions to worldwide issues during the 2024 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) held in Washington D.C.
Tesla's Elon Musk postpones India trip
Elon Musk postponed a planned trip to India where he was to meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying he aimed to reschedule the visit for later this year.
UAE, Colombia sign major trade pact
The UAE and Colombia have signed a Comprehensive Economic Partnership Agreement (CEPA).
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John Lyons of Espace Real Estate says there is a slight slowdown in the property market during summer. So we asked him, does this mean prices are negotiable during the summer months?
Lawyer Rebecca Kelly of Clyde & Co. explained why UAE judicial authorities are setting up new offices to deal with financial crime, including money laundering.
Airalo - an eSim company disrupting telco's roaming revenues, has raised $60 million in funding including investment from our own e&.
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.
The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.
