Industry Impact of Revised Excise Tax on Alcoholic Drinks in Lithuania

A revised excise tax for alcoholic drinks in Lithuania is set to begin on April 1, 2014, increasing taxes on wine by 14 percent, beer by 10 percent and spirits by 1 percent. This is good news for the spirits industry, as taxes on spirits will be raised the least, therefore making spirits more affordable to consumers. However, the flow of illicitly traded alcoholic drinks may increase in the country due to the new taxes, which are set to be revised and most likely increased again in 2015.Lots of brands claim to be number one… but can they prove it?At Euromonitor International, we help brands build trust through evidence-based research. Our claim validation service ensures your marketing messages are backed by real data. Stand out in a crowded market. Visit euromonitor.com/claims to learn more.