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Wednesday, 12.03.2014, 15:23
Lithuanian producer of spirits Anyksciu Vynas informed that Supreme Administrative Court of Lithuania by its decision dated March 5, 2014, dismissed the company's appeal of Vilnius District Administrative Court decision dated June 11, 2013, according to which the decision of the State Tax Inspectorate was upheld, obliging the company to pay to the state's budget an amount of 413,490 litas of unpaid value-added tax (VAT), 82,120.36 litas of VAT interest and 41,349 litas of VAT fine, informs LETA, referring to Anyksciu Vynas.
Keyword tags: Alcohol, Legislation, Lithuania, Markets and Companies
Prime Minister of Lithuania Algirdas Butkevicius assures that there will be only one change in tax system – increase in excise duty on alcohol, reports LETA/ELTA.
Joint-stock company Latvijas balzams (LB), the largest producer of alcoholic beverages in the Baltic States, operated with EUR 101.1 million in turnover in 2013, which is by 1.5% more when compared to the previous year, the company announced in its un-audited financial report submitted to the Riga Stock Exchange, cites LETA/Nozare.lv.
Estonian beverages producer A. Le Coq, which belongs to the Finnish Olvi concern, earned 16 million euros of operating profit in 2013, which was by 23% more than in 2012, Äripäev.ee/LETA reports.
After the meeting with Lithuanian Brewers' Guild, Lithuania's Prime Minister Algirdas Butkevicius said that the excise tax on alcohol was to be increased gradually within the period of several years, while the adequate laws were to be submitted to the Seimas in autumn – together with the draft budget, informs LETA/ELTA.
The total growth of the “Riga Black Balsam” product sales volumes on the do-mestic and export markets in 2013 was 13% or 879 thousand euros (compared to year 2012) and reached 7.4 million Euros, informs JSC Latvijas Balzams.
Lithuania's Prime Minister Algirdas Butkevicius said that he would support the proposal to prohibit having any alcohol in driver's blood, informs LETA/ELTA.