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. It runs a chain of 51 retail stores named Vínbúðin . In addition it distributes tobacco to other retailers and assesses and collects tobacco tax.
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.
