Posted on Jan 3, 2023
Dubai just dropped a 30% tax on alcohol | CNN Business
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"Dubai has scrapped a 30% tax on alcohol and will no longer charge tourists or expats for permits to buy alcoholic drinks as the emirate tries to attract more foreign workers and visitors in the face of growing regional competition."
Dubai just dropped a 30% tax on alcohol | CNN Business
Posted from cnn.com
Dubai
Taxes
Alcohol
Posted >1 y ago
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LTC Eugene Chu
..."Most recently, a Monday to Friday work week was introduced to synchronize with global business, after years of a Sunday to Thursday schedule.
The sale of alcohol in the UAE is already more liberalized compared to neighboring Gulf countries. Almost 90% of its population is made up of foreigners.
International visitors spent more than $29 billion in Dubai in 2022, the most of anywhere in the world, according to data from the World Travel and Tourism Council.
But the city faces increasing competition from its neighbor, Saudi Arabia, which is investing heavily in its own tourism sector as it diversifies its economy away from oil.
Crown Prince Mohamed bin Salman is trying to rebrand the kingdom’s image away from a conservative Muslim country to attract global businesses, talent and tourism. Parts of its Red Sea Global resort, which includes a collection of mega-hotels, are due to open this year."
..."Most recently, a Monday to Friday work week was introduced to synchronize with global business, after years of a Sunday to Thursday schedule.
The sale of alcohol in the UAE is already more liberalized compared to neighboring Gulf countries. Almost 90% of its population is made up of foreigners.
International visitors spent more than $29 billion in Dubai in 2022, the most of anywhere in the world, according to data from the World Travel and Tourism Council.
But the city faces increasing competition from its neighbor, Saudi Arabia, which is investing heavily in its own tourism sector as it diversifies its economy away from oil.
Crown Prince Mohamed bin Salman is trying to rebrand the kingdom’s image away from a conservative Muslim country to attract global businesses, talent and tourism. Parts of its Red Sea Global resort, which includes a collection of mega-hotels, are due to open this year."
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