Sweden MOF Announces Increase in Tax Rates for Alcohol, Tobacco

The Swedish Ministry of Finance May 25 announced an increase in tax rates on alcohol and tobacco. The announcement increases the tax by: 1) 3 percent with the change in the consumer price index for tobacco products like cigarettes, effective Jan. 1, 2023, and a further 1 percent increase, effective Jan. 1, 2024; 2) 1 percent for e-liquids and products containing nicotine, effective Jan. 1, 2024; 3) 5 percent for alcoholic beverages like bear and wine, effective Jan. 1, 2023, and a further 8 percent increase, effective Jan. 1, 2024; and 4) 1 percent for spirits, effective Jan. 1, 2023, ...