By the end of May, 10 per cent of the Estonian market for strong alcohol had moved to Latvia and estimates suggest that at the end of the year Estonian consumers will buy 20 per cent of strong alcohol at stores situated on the Latvian side of the Estonian-Latvian border, the Estonian Alcohol Producers and Alcohol Importers Association says.
The Estonian state stands to lose 15 million to 20 million euros in foregone excise duty and VAT this year as a result of the arrangement whereby alcohol is taken to Latvia for the moment of sale to benefit from the lower taxes in that...
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