Meanwhile, VAT will rise by 1% to 18% from January 1, 2013, and by a further 1% a year later. Items which are currently taxed at a reduced rate of 8% will also see a rise by 1% from January 1, 2014. There are also extra tax hikes on tobacco and alcohol, with the tax on rolling tobacco increasing by 150%, from EUR60 per kilogram to EUR150, and the tax on pure alcohol rising from EUR598.01 per 100 liters to EUR956.82. There are also tax increases for beer and cigarettes, but not for wine or cigars........
150% they must be smoking something..................
