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The seizure sends a clear signal, EPPO said, that European authorities are intensifying efforts to disrupt organized crime and protect both consumers and public revenues
With the new tax managing program, the FTA is hoping to achieve the following goals: The scheme is likely to safeguard the consumers from commercial fraud and low-quality products It will enable the FTA to tackle tax evasion in an efficient manner It empowers the FTA to collect and control taxes on all imported or locally made tobacco products sold in the UAE market The scheme allows the FTA to monitor and curb the sale of illicit products in the market as relevant authorities are entrusted with analyzing and auditing the supply chain Major Milestones Achieved 1 January 2019: all the importers and the cigarette producers in the UAE were allowed to order stamps for application 1 May 2019: The FTA prohibited any company to import cigarette products without a digital tax stamp 1 August 2019: All cigarette products to be imported or produced or sold in the UAE market need to have the Digital Tax Stamp on them with end-to-end traceability
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The vape and e-cigarette market is continuously growing across the globe as consumers shift their behaviors, new products emerge, and alternative forms of nicotine delivery expand
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