EU COMMISSION PROPOSES RAISING MINIMUM DUTY LEVELS
September 1st, 2006
BY KEITH NUTHALL
MEDITERRANEAN countries face raising duties on fortified wines such as port and sherry under proposals to increase minimum European Union excise duties by 31%. Fortified wine tax would increase by 9 Euro cents in Greece and Cyprus on 70cl bottles; 8 cents in Malta; 3 cents in Portugal. For spirits, Cyprus they would rise 31 cents on 70cl. For beer, the effect would be negligible.
ENDS
MEDITERRANEAN countries face raising duties on fortified wines such as port and sherry under proposals to increase minimum European Union excise duties by 31%. Fortified wine tax would increase by 9 Euro cents in Greece and Cyprus on 70cl bottles; 8 cents in Malta; 3 cents in Portugal. For spirits, Cyprus they would rise 31 cents on 70cl. For beer, the effect would be negligible.
ENDS
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