To attract visitors and expatriates, Dubai lowers its alcohol tax by 30%.
Two significant merchants announced on social media that Dubai has postponed a 30 percent tax on alcohol and removed a license fee requirement that was previously required to purchase alcohol in the business and tourist center.
The action is anticipated to increase Dubai's allure to tourists and expatriate residents drawn to its more liberal lifestyle when compared to other Gulf cities. Dubai is a part of the United Arab Emirates.
The modifications went into effect on Sunday and will be tested for a year, according to domestic media.
One of Dubai's two largest alcohol distributors, MMI, wrote on its Instagram account on Sunday, "Buying your favorite drinks is now easier and cheaper than ever with the removal of 30% municipality tax and a free alcohol licence."
Prices in its stores around the emirate now take the tax's elimination into account, it noted.
African+Eastern, a different store, said on Sunday that although the tax was no longer in effect, prices will still be subject to a 5 percent value-added tax (VAT).
An inquiry for comment was not immediately answered by the Dubai Media Office.
After the COVID-19 epidemic, Dubai's economy quickly recovered, with the first nine months of 2022 seeing a 4.6 percent annual growth in the GDP.
A major economic pillar, tourism saw a more than 180 percent increase in visitors during the first half of 2022 compared to the same period in 2021.
As the Gulf governments increasingly rely on taxes to increase non-oil revenue, many of them have implemented VAT.
While the UAE does not impose an income tax, it will introduce a 9 percent corporate tax from June on profits exceeding 375,000 dirhams ($102,100).
Dubai, though, which has the tallest structure in the world and islands that resemble palm trees, is facing increasing regional competition.
For instance, Saudi Arabia is spending billions to improve its appeal to tourists through initiatives like the Red Sea Project and by hosting important cultural and sporting events.
In addition, Qatar anticipates a boost in tourists after the 2022 World Cup.
In the UAE emirate of Ras al-Khaimah, where Islamic law has traditionally prohibited gambling, the region's first casino is anticipated to open in 2026. Wynn Resorts is developing and managing the resort.
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