The cost of alcoholic drinks made from fruit could become cheaper in Georgia.
The Government of Georgia announced this was likely to happen following a reduction in excise tax on alcohol made from fruit from the beginning of 2016.
At yesterday’s Government meeting it was announced from January 1, 2016 excise duty for one litre of alcoholic beverages made from fruit, including grapes, would drop from 9.2 GEL to 6 GEL.
Excise tax, sometimes called special excise duty, is an inland tax that must be paid when purchases are made on specific goods. Producers or sellers are expected to pay the excise tax once the good is purchased, and often excise tax is included in the price of the goods.