190 Dubai ended its 30% 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. Alcohol sales have long served as a major barometer of the economy of Dubai, a top travel destination in the UAE, home to the long-haul carrier Emirates. During the recent World Cup in nearby Qatar, Dubai’s many bars drew commuting soccer fans. Abu Dhabi, the capital of the oil-rich UAE, ended its alcohol license system in September 2020. The announcement Sunday also came as the UAE prepares to introduce a 9% corporate tax in June atop of other fees and charges it levies while avoiding personal income taxes. You Might Be Interested In Mumtalakat Funds Singapore Gulf Bank to Expand Presence in Bahrain No respite for Sudan civilians two months into brutal war India will soon be a $5 trillion economy, says Modi at BRICS business forum Legal & General’s CALA Up for Grabs: Patron Capital Joins Bidding War Construction Firms Advocate for Tax Incentives Reassessing Australia’s military spending rationale
