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Finland Increases Tax On Alcohol

by Ulrika Lomas, Tax-News.com, Brussels

05 January 2018


Taxes on alcoholic beverages increased at the start of 2018 in Finland following a vote by parliament last month.

The Finance Ministry confirmed that taxes on alcoholic drinks would increase by an average of 10 percent, raising retail prices by an average of five percent.

The hikes were focused mainly on those drinks with an alcohol content of 15 percent or less, with beer, cider, and wine bearing the brunt of the increase in tax burden.

The tax increases are expected to raise an additional EUR100m (USD120m) in revenue for the Government.

TAGS: Finance | tax | food | Finland | retail | Tax

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