30% Alcohol Tax is Back 😬

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Latvia increases alcohol excise duty and taxes sugary drinks

The Latvian parliament has just decided to increase the alcohol excise by 10 percent per year. The Seimas has spent the whole day discussing and voting on draft laws related to the coming years' budget.

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30% Alcohol Tax is Back 😬

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The alcohol market in jeopardy. The state imposed a higher tax on spirits, but does not collect more

The state collected roughly as much as last year from the alcohol excise tax, despite its ten percent increase. Thus, the government (although the collection has improved in recent months) does not manage to increase revenues by the amounts it originally anticipated. It remains to be seen how the last month will turn out. But spirits producers are talking about a much bigger hit to the business than just reducing the market by about a tenth, as …