Скачать с ютуб UAE Excise Tax (2): Excisable Products I Products that are subject to Excise Duty I Harmful Products в хорошем качестве

UAE Excise Tax (2): Excisable Products I Products that are subject to Excise Duty I Harmful Products

In this video, we break down UAE Excise Tax, focusing on the list of excisable products and harmful goods subject to excise duty. Learn about which products are considered harmful and why they fall under excise tax regulations. This includes items like tobacco, sugary beverages, carbonated drinks, and energy drinks, which are subject to higher taxation due to their negative impact on public health. 🔴Key topics covered: ✅What is Excise Tax and how does it work in the UAE? ✅The complete list of excisable products (tobacco, sugary drinks, etc.). ✅Why certain products are considered harmful and subject to excise duty. ✅Updates to UAE Excise Tax for 2024 and what businesses need to know. 💰If you're a business owner or consumer in the UAE, understanding excise tax and its impact on certain products can help you make informed decisions. Watch now to learn more! 🟨Connects with me 🟨 Facebook.   / kresscooper   Instagram :   / kresscooper   linkedin :  / kresscooper   x ; https://x.com/kresscooper1?mx=2 website : https://www.kresscooper.com/ Smoking devices are tools or apparatus used to smoke tobacco or other substances. Examples of smoking devices include pipes, hookahs, and electronic cigarettes (e-cigarettes or vapes); and liquid used in the smoking devices typically refer to substances used in electronic cigarettes (e-cigarettes or vapes) to produce vapor for inhalation. For excise tax purposes, the term "carbonated drinks" encompasses all aerated beverages except unflavored aerated water (sparkling water). This definition also encompasses any concentrates, powders, gels, or extracts meant to be transformed into an aerated beverage. An aerated beverage contains carbon dioxide gas, which creates bubbles and gives the beverage its fizziness. Common examples of carbonated drinks include carbonated soft drinks, sodas etc. Energy drinks refer to beverages that may contain stimulant substances designed to offer mental and physical stimulation. These substances can comprise caffeine, taurine, ginseng, guarana, and potentially other ingredients. Energy drinks encompass not only the liquid beverage but also any concentrates, powders, gels, or extracts intended for the preparation of an energy drink. The common examples of energy drink are red bull, monster energy, rockstar energy etc. The sweetened beverages include products to which sugar, or a sweetener is added. These products can take the form of ready-to-drink beverages meant for immediate consumption or concentrates, powders, gels, extracts, or any other form that can be converted into a sweetened drink. The common examples include but are not limited to white sugar, soft white sugar, powdered sugar, soft brown sugar, glucose syrup and sweeteners like saccharin and its salts, aspartame, sorbitol, neotame and others. Sweetened drinks do not include ready-to-drink beverages with at least 75% milk and milk substitutes; baby formula, follow-up formula, or baby food; beverages for special dietary needs; and beverages for medical uses. To determine a product that is being marketed as an energy drink, carbonated drinks, or sweetened beverage, various factors can be considered. These include the type of marketing materials used, the product's labeling and packaging, descriptions of the product in marketing materials like websites or catalogs, references to mental or physical benefits from consuming the product and mentions of increased energy levels. Conversely, signs that a product may not be marketed as an energy drink, carbonated drinks, or sweetened beverage could include focusing only on health benefits like hydration or vitamin content and a lack of emphasis on the benefits of consumption in the packaging or marketing materials beyond taste. Where the concentrate intended to be transformed into a sweetened beverage at the retail point has already been taxed in the UAE, the resulting drink made from that concentrate at the retail sale point is not classified as an excise good for tax application purposes. Alcohol and sparking water are not considered carbonated drinks, energy drinks and sweetened beverage for excise tax purposes. Any product that fits the criteria for a sweetened drink but is also carbonated will be categorized as a carbonated beverage. If a product meets the criteria for multiple excise goods categories, it will be classified as the excise good subject to the highest tax rate and will be taxed accordingly at that rate. The businesses involved in the excisable goods, should categorize the goods properly to apply the excise tax rate accurately. #UAETax #ExciseTax #ExcisableProducts #HarmfulProducts #UAEExciseTax #TaxOnSugaryDrinks #TobaccoTax #ExciseDuty #PublicHealthTax #UAEFinanc