The Emirates News Agency has issued a release announcing that on 6 September 2017, the board of the Federal Tax Authority (FTA) of the United Arab Emirates approved plans and procedures for the introduction of the new selective excise tax from October 2017 and the new value added tax (VAT) from January 2018. The Decree-Laws for the implementation of the excise tax and VAT were issued on 21 August 2017 ({News-2017-08-23/A/5-previous coverage}) and 28 August 2017 ({News-2017-08-30/A/4-previous…