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Ministry of Finance not Intends to Abolish Mandatory Labeling of Soft Drinks

Ministry of Finance Does Not Intend to Abolish Mandatory Labeling of Soft Drinks

No one ever promised that the mandatory labeling of soft drinks will be abolished – Finance Minister Nodar Khaduri said in response to claims by business representatives.

According to him, the government has decided to delay the entry into force of this provision for 2 months, but it does not mean that it will be abolished.

Businessmen asked the other day from the Government to fully abolish this tax, because it will harm both the  business and government.

“The process has started and doesn’t face any obstacles,” – the Minister of Finance notes.

The decree on the introduction of a labeling system was adopted by the Ministry of Finance and was to come into force on September 1, 2015. However, taking into account the insufficient preparedness of both tax authorities and business, it was decided to postpone.

Ultimately, the new rule entered into force on 1 November 2015.

Recall that in order to establish highly secured track and trace system, GRS has announced a competition on “Integrated System of Movement and Registration of Products” on 10th November, 2011. Seven bids were submitted from the companies; the requirements of GRS were met by “SICPA Security Solutions SA”.

The agreement was concluded between Georgia Revenue Service and “SICPA Security Solutions SA”.

Soft drinks  manufacturers are protesting against this decision and intend to appeal it in court.