Latvia Plans Alcohol Tax Increase
Planning for faster increase of excise tax rate on fuel, cigarettes and alcohol, the Latvian Cabinet of Ministers has backed amendments to the law On Excise Tax.
The amendments set forth raising from 2018 the excise tax rate on vine by 18% to €92 on one hundred liters and on beer by 24% to €5.6 for every volume percent of absolute spirit.
The amendments will be submitted to MPs in the Saeima and could be passed in second reading on July 21.