Pakistan’s economy is currently going through a crucial period, like many other economies in the world. Along with unprecedented floods and political turmoil, the economy is beset by skyrocketing interest rates and inflation, as well as a decline in imports.

Never a dull day in Latin America! The recent general election in Argentina saw flamboyant libertarian Javier Milei ascend to the presidency, with a promise to re-invent the Argentine economic wheel by eliminating not only the Argentina peso, but also many ministries and thousands of government employees.

Since the introduction of its digital tax stamp, tracing, and reporting programme, Uganda has experienced continuous and sustained acceptance, implementation of and compliance with the programme.

Prime Minister Najib Mikati of Lebanon was guest of honour at the recent launch of a countrywide authentication and traceability programme to combat tobacco illicit trade and promote economic reform.

Every year, on 24 February, India observes Central Excise Day, as a way of highlighting the essential role of the Central Board of Excise and Customs (CBEC) in the country’s industrial development.

It’s not all about new constitutions, riots and uncontrollable forest fires lately in Chile. There’s actually been some interesting news with respect to traceability, with press releases from both the tax authority, Servicio de Impuestos Internos (SII), and the national customs service, Aduanas de Chile.

In India, each state has the power to control and regulate its own liquor trade. Given that the country comprises 29 states and seven union territories, each with their own set of laws, this presents a major challenge for the alcoholic beverage industry – a challenge that is further exacerbated by the limitations placed on the movement of alcohol between states.

The Gambia’s Ministry of Finance and Economic Affairs, in partnership with the Gambia Revenue Authority (GRA), has signed a concession agreement with SICPA for the implementation of a revenue mobilisation platform for excisable goods, telecommunication services, and refined fuels.

Kenyans could soon pay more for alcohol, cigarettes, juice and cosmetic products as the Kenya Revenue Authority seeks to increase the price of excise tax stamps (which are used on all of these product groups), as part of its measures to increase revenue collection.

There is a tremendous amount of activity afoot in Latin America, be it with new governments promising amazing changes amidst the reality of high inflation and worldwide economic instability, or simply because it’s time for existing governments to get back to work after the first real holiday season post-COVID.