DUBAI: With a tax on fizzy drinks and tobacco arriving on October 1, and VAT arriving on January 1, 2018, we look at some of the most pressing questions surrounding this issue.

For example, is this a tax on your income? Does this apply to freezones? Why is the UAE implementing taxes now? What will this money be spent on?

We tackle all these questions, and much more, on today’s episode of Dirhams and Dollars. Tune in for everything you need to know about this issue that will impact everyone’s lives.