Liquor merchants ask for more time to place tax stamp on bottles

Ecuadornews:

Domestic liquor traders are concerned because of the Marking and Tracing System (Simar) label. Since Tuesday, July 11, 2017, national alcoholic beverages, including industrial and artisan beers, and cigarettes must have the security seal requested by the Internal Revenue Service.

Each label has a QR code with information on the origin, manufacturer, date of registration, etc., of the products. With this, the IRS will have accurate information on the production, it will improve its collection system and will avoid smuggling. Moreover, citizens will know firsthand if a liquor is adulterated or if it entered the country illegally.

President of the National Federation of Liquor Distributors Eddy Castillo asked IRS to extend the deadline until December 31, so that traders can sell liquors without the seal, as it represents huge logistical expenses the fact that supermarkets and shops return the unlabelled bottles. (I)

Source: http://www.elcomercio.com/actualidad/comerciantes-licor-plazo-sello-sri.html