TALLINN - At its Thursday session, the Estonian government approved the bill of amendments to the alcohol, tobacco, fuel and electricity excise tax law, according to which alcohol excise tax would increase by 5 percent a year till 2016, Public Broadcasting reports.
The change was decided upon in spring with the state budget strategy. The government states that a long-term plan of raising excise tax rates helps producers to plan their activities better.
The government estimated that as the result of raising alcohol excise tax, the state budget's cash-based tax income will increase by 7 million euros next year, 22 million euros in 2014, 40 million euros in 2015 and 60 million euros in 2016.
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