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.
Excise duties 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 on cigarettes?
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 on fuels.
Voting by a large majority to endorse the report by Finland's Piia-Noora Kauppi, MEPs rejected the harmonisation of fuel
excise duties in Europe.