Alcohol and cigarette duties to rise and fizzy drinks taxed
Wednesday, November 30, 2016 @ 10:48 PM
TAXES will be applied to sugary soft drinks and will increase on cigarettes and alcohol, minister for the treasury Cristóbal Montoro has announced.
The State has to increase its tax income by between €7 billion and €8bn next year in order to meet its deficit target of 3.1% of the GDP by December 2017, but has promised – largely due to pressure from the opposition, which is in the majority – not to make cuts to funding in welfare programmes.
Fizzy drinks will now be taxed – which is also a move to cut consumption of sugary produce and reduce obesity, in line with World Health Organisation (WHO) recommendations.
Read more at thinkSPAIN.com