The Minister of Finance Valeri Belchev signed an order extending the validity of the old alcohol excise labels. In fact, he revoked his previous order , which was supposed to enter into force on January 1, 2022. The new deadline is April 1, and the extension comes after talks with branch organizations.
The deadline of January 1, 2022 for the entry into force of the new samples of excise stamps for tobacco products is maintained, specified by the Ministry of Finance.
According to importers, manufacturers and traders in spirits in the country, who have presented their reasons to the Minister of Finance, if the deadline is not extended, there will be difficulties and obstacles in business processes.
The decision of the Ministry of Finance was taken after analysis of a number of factors in connection with the epidemic situation in the country from COVID-19, which lead to a lack of predictability for producers and traders of alcohol and their difficulties related to the planning and implementation of sales of excise goods, reads the reasons for the decision.
The measure taken is expected to significantly support the business activities, creating an opportunity
As the alcoholic beverages sold in the commercial network are excise goods, the extension of the period of for the entry into force of the new model will not have a direct impact on excise revenues in the state budget, reads the position of the Ministry of Finance.
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