The excise tax rate for strong alcoholic beverages will rise by 23 percent next March and that for wine and beer will surge by up to 112 percent, which will drive drinks prices up by up to 1 euro per bottle.
strong alcoholic beverages
© DELFI / Domantas Pipas

The parliament on Thursday approved the excise duty hike with 95 votes in favor, none against and 19 abstentions.

The excise tax rate for wine and other fermented beverages is set to increase by between 97 and 112 percent and that for beer by 112 percent.

As a result of this, the price of fermented drinks with an alcohol content of up to 8.5 percent will rise by 14 percent, or 21 euro cents, per 0.5 liters, and the price of stronger drinks will go up by 17 percent, or 74 cents, per 0.7 liters. The price of beer will increase by 9-13 cents per 0.5 liters.

The price of other alcoholic beverages will grow by up to 1 euro per 0.5 liters.

The draft 2017 budget envisages that the excise duty hike will next year generate around 45 million euros in additional revenue.

Watchdog: Google won't ban use of its servers to access file-sharing site

Mantas Martisius, the chairman of the Lithuanian Radio and Television Commission ( LRTK ), says the...

IMF: Lithuania is better prepared for challenges

Lithuania's economy is stable and the country is better than ever prepared for challenges, the head...

Government set to approve guarantees for outgoing president

The Lithuanian prepares to approve guarantees for outgoing President Dalia Grybauskaite .

Lithuanian laser professionals at world's largest laser photonics exhibition

On June 24-27 Lithuanian laser manufacturers will present their latest technologies in the most...

Opinion. Public procurement: which law amendments are significant and which are merely formal?

Every time, amendments of public procurement legislation attract a lot of attention, however, it...