Dubai Scraps 30% Tax On Alcohol Sales Amid Economic Rebound
Dubai has suspended a tax of 30% on alcohol and dropped a licence fee previously needed to buy alcohol in the commercial and tourism hub, two major retailers said on social media.
The move is expected to further boost the appeal of Dubai to tourists and expatriate residents drawn by its more liberal lifestyle, compared to other Gulf cities.
The changes took effect on January 1 to run for a trial period of a year, domestic media said.
The impact of the tax cut on prices will take time to filter through as stocks were purchased prior to 31 December, the date the government announced the decision.
“With the removal of 30% municipality tax and a free alcohol licence, buying your favourite drinks is now easier and cheaper than ever,” MMI, one of two major purveyors of alcohol in Dubai, said on its Instagram account. Prices in its stores across the emirate reflect the removal of the tax, it added.
Another retailer, African+Eastern, confirmed the tax no longer applied, but prices would remain subject to a 5% value added tax (VAT).
Related news
Visit Hungary: hotels in the capital welcomed almost 100 thousand guests during the Formula 1 race weekend
During this year’s Formula 1 race weekend, the capital’s hotels…
Read more >GVH has launched a new investigation into the accommodation booking platform Booking.com
The Hungarian Competition Authority (GVH) has initiated competition supervision proceedings…
Read more >Fewer guests in Romania spent slightly more nights in accommodation in June than last year
In June, 2.2 percent fewer tourists stayed in tourist accommodation…
Read more >Related news
OKSZ: Retail is not responsible for rising prices
The 3 percent annual increase in retail sales in June,…
Read more >Hungarian startup measures carbon footprint of largest domestic webshops
Carbon.Crane, the first Hungarian startup dedicated to ISO-compatible digital carbon…
Read more >The role of Hungarian product trademarks has further strengthened
In the case of food, 86.6 percent of buyers prefer…
Read more >