#alcohol-tax

#alcohol-tax

Known as the land of ice and fire, Iceland has one of the most mesmerizing sceneries on the planet. But nature is not the only thing that will take your breath away when you travel to this Nordic island; so will the alcohol prices. Iceland has the most expensive alcohol in Europe, according to Eurostat. Icelandic alcohol prices are nearly triple than the EU average, though the country itself is not part of the European Union.

"It makes such a huge difference," he said. "There's a lot more cost that goes into making craft beer and the last few years have been a challenge. So this tax cut is so well-timed. It really helps us to be competitive again."

The tax hike on alcohol from 65% to 90% by 2031 aims to curb harmful consumption habits and address rising alcohol consumption rates in Vietnam.