Special Consumption Tax on wine to be abolished in Jan2019

A Special Consumption Tax (SCT) currently imposed on wine will be abolished as of January 1, 2019, according to an amendment the Ministry of Finance tabled to parliament on Tuesday.

Currently, the SCT is set at 20 euros per 100 litres of product. The amendment is aimed at supporting wine producers and correcting certain market distortions.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.