Dubai ends 30 percent tax on alcohol sales to boost tourism
- Date: 02-Jan-2023
- Source: Arab Weekly
- Sector:Financial Services
- Country:UAE
Dubai ends 30 percent tax on alcohol sales to boost tourism
DUBAI –
Dubai ended its 30 percent tax on alcohol sales in the sheikhdom Sunday and made its required liquor licenses free to obtain, ending a long-standing source of revenue for its ruling family to apparently further boost tourism to the emirate.
The sudden New Year’s Day announcement, made by Dubai’s two state-linked alcohol retailers, came apparently from a government decree from its ruling Al Maktoum family.