The UAE's Federal Tax Authority (FTA) has completed preparations for the second phase of the digital tax stamp system for tobacco products.
Initially, it only applied to cigarette packs but from November 1, the scheme will cover waterpipe tobacco and electronically-heated cigarette plugs as well.
These products are required to carry digital seals that track the items all the way from production to end-use.
It’s aimed at combating tax evasion and protecting consumers from commercial fraud.
"Starting from 1st March 2020, importing any type of waterpipe tobacco and electronically-heated cigarette plugs into the UAE without the Digital Tax Stamps will be strictly prohibited," said the FTA's Director-General, Khalid Ali Al Bustani.
"Following that, another ban will come into effect on 1st June 2020, this time affecting any supply, transfer, stockpiling, or circulating of unmarked waterpipe tobacco and electronically heated cigarette plugs in UAE markets," added Al Bustani.
Manufacturers and suppliers can access the digital tax system by placing a request through the FTA website.
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defense, and Chairman of the Dubai Executive Council, has announced that the Dubai World Trade Centre (DWTC) generated an economic output exceeding AED 22.35 billion in 2024.
OpenAI has announced the launch of a new version of its advanced tool 'Deep Research' integrated into ChatGPT, maintaining a high level of quality while introducing enhanced accessibility across user tiers.
Japan's Prime Minister Shigeru Ishiba on Friday said the government has compiled an emergency economic package to alleviate any impact on industries and households from new US import tariffs.
Bangladesh and the World Bank have signed two financing agreements worth $850 million to strengthen the South Asian country's trade capacity, create jobs and modernise its social protection system.
Saudi Arabia and India agreed to boost cooperation in supplies of crude and liquefied petroleum gas, according to a joint statement reported by the Saudi state news agency on Wednesday following a visit by Prime Minister Narendra Modi.