Greece’s government is to abolish an excise tax on wine introduced in 2015, after the completion of the third bailout program review.
Agricultural Minister Vangelis Apostolou, speaking on Tuesday an Athens event organized by the National Interprofessional Organization of Vine and Wine of Greece (EDOAE) said the duty had been “imposed under tremendous pressure” and had not yielded the expected revenues.
Apostolou said the decision was not just taken because the government promised it but because the sector needs it. Otherwise “it might establish a gray area in its trading which in the end could threaten the sector itself,” he claimed.
The minister said wine “is spearheading exports” and despite the difficulties and the suffocating fiscal environment the government had tried to provide the necessary tools to support the sector.
Source: AMNA
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