In accordance with the Excise Law 1186/2020, the Ministry of Finance (FM) recently prepared a directive on the management system of excise stamps, which applies to beverages such as bottled water and alcohol. The introductory part of the directive says that its purpose is to protect public health and safety, fight illegal trade and ensure the uniformity of excise collection systems. In addition, it establishes a comprehensive framework for the administration of excise stamps, which includes the regulation, administration and enforcement of excise duty obligations on excise goods.
The directive give emphasis to the importance of proper affixing and control of excise marks on excise goods in order to maintain transparency, accountability and adherence to excise declarations. According to the draft ordinance, excise stamps are required for alcoholic beverages, tobacco, bottled water, alcoholic and non-alcoholic beverages, cigarettes and cigarillos. The Ministry reserves the right to add additional points. The directive specifies that an excise mark can be a paper mark, a digital mark or any approved mark for affixing or printing on excise goods. The exact type, content and method of approval of trademarks are decided by the tax authority.
The ministry must also appoint a company to be responsible for the development and installation of the excise stamp system and the printing and delivery of excise stamps and related systems. According to the proposed directive, excise stamps for locally produced products must be affixed at the place of production immediately after packaging. Imported goods must be stamped at the customs office or at the place designated by the Tax Board within five days after customs clearance
Moreover, this directive also permits applying of excise stamps on imported excisable goods at the production site of the exporting nation, with certain restrictions imposed by the Tax Authority.
Source: Capital Newspaper
