Council Directive 92/83/EEC of 19 October 1992 on the harmonization of the structures of excise duties
on alcohol and alcoholic beverages, EU Official Journal L 316, p.
in Lithuania had been increasing gradually, but the current parliament, in which the Lithuanian Farmers and Greens Union (LFGU) holds the most seats, decided to sharply raise the tax in early March as part of efforts to fight alcoholism.
"Cost of most of the services and goods will increase for the common man with the increase in service tax and excise duties
," Ernst & Young Tax Partner Saloni Roy said.
In this context, Taxation CommissioneraLaszlo Kovacs has proposed to EcoFin ministers "to reduce the excessive differentials in excise duties
" by increasing the minimum rate of excise duties
in two stages from 302/1,000 litres to 380 by 2014.
He says Sweden and Denmark have brought down excise duties
recently to cut down successfully on illegal alcohol imports, so why not Britain?
N Wednesday RATE 1 JPASSOCIAT 8.96 25.55 2 UNITECH 4 87 1615 % change Price ( ` ) % change Price ( ` ) TOP- 5 GAINERS TOP- 5 LOSERS GOLD/ 10 gm ` 0 ` 27,000 SILVER/ 1 kg ` 150 ` 36,500 1 PMCFIN 9.78 95.05 2 RASOYPR 488 156 Dollar ` ` Euro ` ` ` ` ` ` M AIL T ODAY had reported on December 25 that Union finance minister Aurn Jaitley was maintaining suspense on extending the reduced excise duties
beyond December 31.
26 -- Reduce excise duty: The government should cut excise duties
on cars to make them more affordable to consumers.
Varbanov, former Agriculture Minister at Ivan Kostov's center-right cabinet, confirmed in a Thursday interview for Darik Radio that had tabled his proposal before the second reading of the amendments to the Excise Duties
and Tax Warehouses Act.
Duty paid high-speed diesel blended with up to 20 per cent bio-diesel has also been fully exempted from excise duties
Questions asked include: To what extent should member states be allowed greater flexibility to determine the structure of the excise duties
and to levy minimum excise duties
The revised White Paper on the EU transport policy, presented on 22 June, announced the European Commission's intention to examine ways of reducing the current excessive differences in excise duties
Voting by a large majority to endorse the report by Finland's Piia-Noora Kauppi, MEPs rejected the harmonisation of fuel excise duties