The UAE government is to introduce a minimum price at which liquids used in vapes and electronic cigarettes will be subject to its “sin tax” rules.
The Ministry of Finance on Thursday set the minimum excise price for the items at Dh1 per millilitre, under measures which will come into effect on September 1.
This excise price represents the minimum value that will be used when calculating the due tax.
If the retail price falls below this excise price, the tax will still be calculated at the minimum value.
The decision means that even liquids…