In accordance with the proposal of the Ministry of Finance of Ukraine, the Government on July 6 adopted the Concept for the implementation of the electronic excise stamp which stands for an automated system controlling the turnover of alcoholic beverages and tobacco products. The electronic excise stamp shall make it possible to create a single information environment with a data base on the turnover of excise goods. It shall become a powerful tool in tackling fake, unauthorized and smuggled goods.
The Ministry of Finance is taking steps to simplify tax administration including measures to improve excise tax administration by implementing automated control over the turnover of excise goods (alcoholic beverages and tobacco products).
Marking excise goods with paper stamps which are currently in use in Ukraine is not efficient enough to control them. The implementation of the automated control system for alcoholic beverages and tobacco products “Electronic Excise Stamp” shall bring about comprehensive controlling and preventing monitoring covering each movement of excise goods on the way from their manufacturer or importer to the final consumer.
Also, this system shall significantly simplify paperwork for excise goods contributing to the reduction of the human factor in the excise tax administration and reducing the volume of the black market.