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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. It runs a chain of 51 retail stores named Vínbúðin ''(the wine shop),'' known colloquially as Ríkið (The State)''.'' In addition it distributes tobacco to other retailers and assesses and collects
Vínbúðin's website
Alcohol monopolies Food and drink companies of Iceland Tobacco in Iceland Alcohol in Iceland Retail companies established in 1961 1961 establishments in Iceland Government agencies of Iceland {{Iceland-company-stub
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. It runs a chain of 51 retail stores named Vínbúðin ''(the wine shop),'' known colloquially as Ríkið (The State)''.'' In addition it distributes tobacco to other retailers and assesses and collects tobacco tax
Tobacco is the common name of several plants in the genus ''Nicotiana'' of the family Solanaceae, and the general term for any product prepared from the cured leaves of these plants. More than 70 species of tobacco are known, but the chie ...
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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.
See also
* Alcohol monopoly * Prohibition in Iceland *Beer in Iceland
Beer in Iceland likely dates back to the island's settlement by Norsemen. In more modern history beer was effectively banned in Iceland for most of the 20th century. Since that ban was lifted in 1989, Iceland's consumption of beer has increased ...
References
External links
Vínbúðin's website
Alcohol monopolies Food and drink companies of Iceland Tobacco in Iceland Alcohol in Iceland Retail companies established in 1961 1961 establishments in Iceland Government agencies of Iceland {{Iceland-company-stub