“Excise duty on tobacco, spirits, wine, beer and other excisable goods is an important source of revenue for governments. This income is, however, under threat from the illicit trade in all these goods – whether in the form of contraband, counterfeiting or tax evasion.
Governments, which are losing billions each year in lost revenues, can protect themselves and this valuable source of revenue by deploying tax stamps as a vehicle for tax collection and proof of payment. And the same vehicle, in providing proof of authenticity and secure track and trace, also protects the interests of other stakeholders, including economic operators, consumers and public health bodies.
The objective of the Tax Stamp & Traceability Forum is to bring together government excise and customs agencies, investigators and law enforcement, regulators, cigarette, alcohol and other excisable product manufacturers and distributors, security printers, supply chain specialists and integrators, suppliers of authentication and serialisation technologies, and systems integrators – to hear about and discuss the latest developments in tax stamp and traceability systems and learn from one another about requirements, best practice and potential solutions.”
