New Bulgarian excise labels for tobacco and alcohol come into effect as of January 1, 2014

Tobacco and bottled alcoholic beverages will be sold with new excise labels from 1 January 2014. In accordance with Art. 64, para. 6 of the Excise Duties and Tax Warehouses Act the new samples are approved by the Minister of Finance three months before their entry into force, as orders for approval of samples of the new Bulgarian excise labels have been published in State Cassette on 09.26.2013. The single price of excise labels for tobacco products changes from BGN 0,012 to BGN 0,013 and for alcohol from BGN 0,030 to BGN 0,032.
The current legislation provides for in case of replacement of excise labels the available excisable goods with the old excise labels to be sold no later than 6 months after the introduction of new excise labels.
After making an analysis of the impact of the deadline for implementation of excise goods with old excise labels in commercial network on budget revenues and the impact on activities of wholesalers and retailers of tobacco products and alcoholic bottled beverages, and after held a public discussion with representatives of manufacturers and importers of such excisable goods it was offered the excisable goods with old excise labels to be sold within 12 months of entry into force of the new excise labels, i.e. until 31.12.2014.