Latvia plans to raise excise tax on alcohol

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 rate on vine would go up by 18% to 92 euros on one hundred litres and on beer by 24% to 5.6 euros 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.

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