On July 13, 2016, a meeting of the DPR People`s Council Committee on Budgets, Finance and Economic Policy was held to prepare the bill “On the state regulation of production and sales of ethyl alcohol, alcohol and tobacco products“ for the second reading at the DPR People`s Council.
The meeting was attended by representatives of the DPR Ministry of Revenue and Duties.
During the meeting, participants discussed a number of the main concepts of this bill, such as “sales area”, “falsification of alcohol and tobacco products”, “excise duty”, “excise tax stamp” and others. The provisions of the draft law were agreed upon with the law in force of the DPR “On tax system”.
Chairman of the People`s Council Committee on Budgets, Finance and Economic Policy, deputy Marina Zheynova enumerated advantages the law will ensure in case it is adopted.
“We expect that the law we are drafting will allow to lay down the basis for the state regulation of production and sales of ethyl alcohol, alcohol and tobacco products in the territory of the Donetsk People`s Republic. Of course, the law will promote the development of economic relations, enshrined at the legislative level between economic entities.
Adoption of the law will also protect the rights of citizens – both consumers and private entrepreneurs engaged in wholesale and retail sale of alcohol and tobacco products. I should add that this law will prevent unauthorized distribution of these products”, Marina Zheynova noted.