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As a result, the rate of excise tax on alcohol in Latvia will be equivalent to the tax rate in force in Lithuania, but it will remain significantly lower than that of Estonia, informed the state revenue service.
On Thursday, March 1, all liquor traders must draw up an inventory of alcoholic beverages, submit a calculation of the SRS Excise Tax Margin and pay the excise tax margin on alcoholic beverages in stock. within the time limits prescribed by the regulations.
Tax services have indicated that the possible impact on retail prices of alcoholic beverages (excise tax and value-added tax) could be: beer (5%, 0.5 liter) – increase of EUR 0,07; wine (0,75 liter) – an increase of 0,13 EUR; vodka (40%, 0.5 liter) – an increase of 0.53 euros.
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