State Alcohol and Tobacco Company of Iceland

Icelandic state-owned company

State Alcohol and Tobacco Company of Iceland
Áfengis- og tóbaksverslun ríksins (ÁTVR)Company type| Government enterprise

|

Industry| Sale of alcohol and tobacco
Founded| 1961; 63 years ago (1961)
Headquarters| Reykjavík, Iceland

Key people

| Ívar J. Arndal, president
Website| vinbud.is
Inside a Reykjavik Vínbúð

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

[edit]

* Alcohol monopoly
* Prohibition in Iceland
* Beer in Iceland

## References

[edit]

1. ^ a b c d "Hlutverk og stefnur". Vínbúðin. Retrieved 2020-02-26.

## External links

[edit]

* Vínbúðin's website

* v
* t
* e

Ministry of Finance and Economic Affairs

* Headquarters: Lindargata 7, 105 Reykjavik

* Bjarni Benediktsson, Minister of Finance and Economic Affairs

Agencies|

* Central Bank of Iceland
* Directorate of Customs
* Directorate of Internal Revenue
* Directorate of Tax Investigations
* Government Construction Contracting Agency
* Government Real Estate Agency
* Icelandic State Financial Investments
* State Alcohol and Tobacco Company of Iceland
* State Financial Management
* State Trading Centre
* Statistics Iceland
* Taxation Reassessment Committee

Authority control databases |

* VIAF

|

This article related to a drink company is a stub. You can help Wikipedia by expanding it.

* v
* t
* e

This article about an Icelandic corporation or company is a stub. You can help Wikipedia by expanding it.

|

* v
* t
* e

*[v]: View this template
*[t]: Discuss this template
*[e]: Edit this template