News

SWEDEN: Gov’t proposes 40% booze tax cut

Most popular

Interview - William Grant senior category director

Aged spirits in 2021 - just-drinks predicts

Interview - Rima Sawaya, Kahlua brand manager

Can 'community commerce' solve DTC woes?

Wine in 2021 - just-drinks predicts

MORE

The Swedish Government is hoping to cut alcohol excise duty in the country by around 40%. In proposals prior to discussions relating to next year's budget, the ruling Social Democratic party recommended the cut on Wednesday (24 August).

The move, unveiled by Swedish Finance Minister Par Nuder at a press conference, is forecast to cost the state around SEK550m (US$72.6m).

Should the proposal be successful, then a bottle of Absolut vodka at the state-owned alcohol retail monopoly Systembolaget will drop from SEK230 to SEK160.

Sweden has suffered in recent years from a relatively high excise duty for alcohol compared to its neighbours. The tax in the country presently stands at SEK200 per litre of alcohol, whereas in Finland, the duty is SEK100 per litre and in Denmark, the tax is SEK75. The EU accession last year of the Baltic states, where the duty is even lower, has also contributed to a rise in cross-border alcohol purchases.


Sectors: Beer & cider, Spirits, Wine

Companies: Absolut

Related Content

Norway gives tax relief to artificially-sweetened soft drinks

Norway gives tax relief to artificially-sweetened soft drinks ...

US alcohol industry unites in praise of tax reform passage

US alcohol industry unites in praise of tax reform passage...

Drinks industry

Drinks industry "disappointed" over UK alcohol duty rise, sugar tax details confirmed...

Stock Spirits rides out tax changes and COVID in fiscal-2020 - results data

Stock Spirits rides out tax changes and COVID in fiscal-2020 - results data...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?