The State Alcohol and Tobacco Company of Iceland (ÁTVR) is a state owned company that is the sole legal retail vendor of alcohol in Iceland.[1] It runs a chain of 51 retail stores named Vínbúðin (the wine shop), known colloquially as Ríkið (The State).[1] In addition it distributes tobacco to other retailers and assesses and collects tobacco tax.[1]
| Company type | Government enterprise |
|---|---|
| Industry | Sale of alcohol and tobacco |
| Founded | 1961 |
| Headquarters | Reykjavík, Iceland |
Key people | Ívar J. Arndal, president |
| Website | vinbud.is |
Iceland has very high taxes on alcohol to curtail consumption and as a government revenue source. Tax rates are proportionate to the alcohol content.
The state run company is under the Ministry of Finance.[1]
See also
editReferences
edit- ^ a b c d "Hlutverk og stefnur". Vínbúðin. Retrieved 2020-02-26.
External links
edit
 | This article about an Icelandic corporation or company is a stub. You can help Wikipedia by expanding it. |