ESTONIA: Estonia to double alcohol taxes

By | 30 May 2007

The Estonian Ministry of Finance has presented a draft plan to the national parliament advocating a 20% increase in alcohol taxes effective from 1 January 2008.

The proposed tax increase forms one segment of a broader tax package that also endorses raising taxes on car fuels and tobacco products.

"The government had originally planned to increase the tax on alcohol products by 10%," Finance Minister Ivari Padar told the Estonian parliament yesterday (May 29). "There is a need to prepare Estonia's economy to join the Eurozone in 2011. These new tax measures are needed if we are to bring Estonia into line."

The alcohol tax hike could hurt inward tourism, however, especially from Sweden and Finland, Padar warned.

Sectors: Beer & cider, Spirits, Wine

View next/previous articles

Currently reading -

ESTONIA: Estonia to double alcohol taxes

There are currently no comments on this article

Be the first to comment on this article

Related articles

EU: EU Committee backs wine reform changes

A committee of the European Parliament has come down firmly in favour of drastic changes to the European Commission's plans for reforming the EU's wine sector.

UK: Foster’s expands Lindemans range in UK

JAPAN: Sapporo bounces buyout questions back to Steel Partners

Sapporo Holdings has requested further information from Steel Partners for the third time, regarding the US private equity group's attempts to up its stake in the Japanese company.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page