Locally-produced alcohol in Madeira and Azores to continue benefitting from reduced excise duty rate

Released 18 June 2020

The European Commission (EC) has submitted a proposal for a Council Decision to continue authorising Portugal to apply a reduced rate of excise duty on locally-produced and consumed rum and liqueurs in Madeira, and on locally-produced and consumed liqueurs and eaux-de-vie in Azores.

If accepted, the new derogation would run until 2027, and would be extended to include Azorean rum and to provide a 50% reduction of the excise duty rate on sales on the Portuguese mainland of all products covered.

Further information, including a link to the proposal, can be found at https://ec.europa.eu/taxation_customs/news/locally-produced-alcohol-madeira-and-azores-continue-benefitting-reduced-excise-duty-rate_en.

0
Be the first to vote
Subscribe