Excise tax on alcohol to increase in Latvia in 2016December 03, 2015
Excise tax on alcoholic beverages will increase in Latvia under amendments to the excise tax law passed by Saeima on November 30th, informs LETA.
The excise tax rate on alcohol started to rise already this year and the hike is expected to continue for the next three years. Initially, the annual tike hike was planned for April 1, but at the industry’s request it was rescheduled for March 1 of each year.
The excise tax rate on 100 liters of beer will climb from EUR 3.8 to EUR 4.2 in 2016, to EUR 4.5 in 2017 and to EUR 4.8 in 2018. The tax rate on 100 liters of wine will grow from EUR 70 to EUR 74 next year. For intermediate products with alcohol content of up to 15%, the tax will increase from EUR 70 to EUR 74 and for products with higher alcohol content from EUR 110 to EUR 120.
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