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.
ADNOC and Gecko Robotics have expanded their strategic partnership with three new agreements to explore deploying robotics and artificial intelligence (AI) across ADNOC’s operations and boosting future skills training for UAE nationals.
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and Chairman of the Board of the Federal Tax Authority (FTA), chaired the latest FTA Board meeting, during which he reviewed development projects.
Al Marwan Developments has launched its pioneering project, “District 11”, the UAE’s first smart work resort designed using artificial intelligence, setting a new benchmark for urban innovation and economic vitality in Sharjah and the wider UAE.