Higher excise on sparkling wines generates 25 million euro annual losses

Romania has lost approximately 25 million euros each year owing to higher excise taxes on wine-based sparkling beverages, the National Business Association of Vines and Wineries (PNVV) estimated in a plea for a zero excise for these products.'The market plummeted since 2010, and we [Romania] got from revenues of 27 million euros per year in excise on intermediate beverages to roughly one million euros. Increasing the excise aimed at higher revenues, but we ...

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