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New Amendments of Regulation on application of the Excise Duties and Tax Warehouses Act

These are promulgated in the Regulation (“Regulation”) on Application of the Excise Duties and Tax Warehouses Act (the “Act”) in relation to the reporting regime, excise duty, storage, release for consumption, etc. of excise goods. New appendixes as well as amendments to the existing appendixes to the Regulation are adopted.

Most important changes refer to the goods with collectible value under the Act. They are in force as from 01.04.2019 and which term is longer compared to the entire Act term for entering into force – 01.01.2019. The changes in question affect the notification of customs authorities about excise goods with collectible value.

The excise goods with collectible value are:

Excise goods produced in a specialized small distillery within the meaning of the Act are excluded from the goods of collectibles value.

The order for notification of the customs authorities about excise goods with collectible value under the Act is new. The notification shall be made by submitting a notification on paper to the Director of the Territorial Directorate at the location where the excise goods of collectibles value will be stored. The person who has acquired the goods is the person obliged to submit the notification. The notification shall be submitted in advance but no later than three days from the date of their acquisition.

The notification represents an explicit template – Appendix 4k to the Regulation.

The excise goods with collectible value to be offered for sale in the country or to be stored in warehouses or premises related to economic activity shall be placed in a tax warehouse for the purposes of their labelling with excise labels. The storage of these goods in the tax warehouse shall be done in compliance with the terms and conditions for storage of depositor’s goods within the meaning of the Act.

The above is intended for information purposes only by drawing your attention to particular amendments in the legislation. The present article should not be construed as legal advice. For a thorough understanding of the subjects covered and prior acting on any issue discussed we kindly recommend that you approach the attorneys from law at Ilieva, Voutcheva & Co. Law Firm.