State Alcohol and Tobacco Company of Iceland
The State Alcohol and Tobacco Company of Iceland 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).[1] In addition it distributes tobacco to other retailers and assesses and collects tobacco tax.[1]
 | |
| Type | Government enterprise |
|---|---|
| Industry | Sale of alcohol and tobacco |
| Founded | 1961 |
| Headquarters | Reykjavík, Iceland |
Key people | Ívar J. Arndal, president |
| Website | vinbud.is |
Inside a Reykjavik Vínbúð
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]
References
- "Hlutverk og stefnur". Vínbúðin. Retrieved 2020-02-26.
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