State Alcohol and Tobacco Company of Iceland
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| Company type | Government enterprise |
|---|---|
| Industry | Sale of alcohol and tobacco |
| Founded | 1961 |
| Headquarters | Reykjavík, Iceland |
Key people | Ívar J. Arndal, president |
| Website | vinbud.is |
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]
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
References
- ^ a b c d "Hlutverk og stefnur". Vínbúðin. Retrieved 2020-02-26.
External links
 | This article about an Icelandic corporation or company is a stub. You can help Wikipedia by expanding it. |
Categories:
- Articles with short description
- Short description is different from Wikidata
- Articles with VIAF identifiers
- Alcohol monopolies
- Food and drink companies of Iceland
- Tobacco in Iceland
- Alcohol in Iceland
- Retail companies established in 1961
- 1961 establishments in Iceland
- Government-owned companies of Iceland
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