THE SPIRITS INDUSTRY IN A NUTSHELL
THE CONTRIBUTION TO THE GREEK ECONOMY(link)
Analyzing the direct, indirect and induced effects of the demand for alcoholic beverages in Greece, the outcome is that the domestic added value is close to 1.5 billion euros , with more than 31 thousand employees & 281 million euros paid in VAT & Excise duties.
The incomes of employees who work for the suppliers (production, wholesale) , customers (bars, restaurants, hotels, supermarkets, mini markets, etc.) and the incomes from the activities created by all these links , are estimated at 320 million euros, yielding similar taxes. Taxes , together with contributions to all interconnected activities reach € 277 million.
EXPORTED ALCOHOLIC DRINKS(link)
69% of the quantity produced is exported and as a result the industry has reduced the trade deficit from € 152 million in 2010 to € 76 million in 2016
ALCOHOLIC DRINKS & TAXES(link)
The tax policy applied in Greece must be in line with the provisions laid to the relevant Community directives which have introduced rules on the structure and amount of excise duty imposed by Member States on alcoholic beverages in order to ensure the proper functioning of the internal market and fair competition between different categories of alcoholic beverages.
The tax regime was stable for alcoholic beverages in Greece , until 2009.
Alcoholic beverages have undergone eight tax increases since 1998, with four of them having taken place over 18 months in 2009-2010, leading to a doubling of Excise Duty on alcoholic beverages from EUR 1,135 per 100 liters of ethyl alcohol in 2008, to EUR 2,550 with the last increase in July 2010. The overall Excise Duty increased 87% in 2010 compared to 2009 and 125% compared to the 2005-2008 tax regime.
VAT & Excise duties represent 63% of the retail price and more than 80% of the wholesale price.