Link August 2017 AUGUST 2017 | Page 11

Infrastructure retail, hospitality and food service sector, a logistics area, complementary services area, handling packaged goods area, a facility for recycling organic waste, and a comprehensive range of governmental services including customs clearance, licensing, food safety and inspection – all under one roof. UAE to charge selective tax from October 1 New levy only on tobacco products, energy and carbonated drinks The UAE’s excise tax on carbonated drinks, tobacco and energy drinks, which will launch on October 1, has generated a mixed reaction from analysts and businesses involved. The first tax on carbonated, or fizzy, drinks, will see prices rise by 50 per cent. Benefiting from Dubai’s world-class infrastructure in land, marine and air transport, DFP will provide an attractive environment for business operators and global investors. The Park is set to play a vital role in supporting global food security, and fostering innovation across the sector. August 2017 11