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Track and Trace

Illicit Cigarettes Declining in EU but Rising in Europe, Claims KPMG Study

KPMG has released its latest annual study on illicit cigarettes in Europe1, commissioned by Philip Morris Products SA. The study shows that while illicit consumption in the 27 EU member states declined by 0.6 billion sticks in 2023, to reach 35.2 billion, overall illicit consumption in the 38 markets covered by the study rose by 3%, reaching 52.2 billion sticks.

Free - September 25, 2024 midnight

E7 Group Injects $50 Million into Security Solution Growth

UAE-based E7 Group, a provider of commercial printing, security solutions, sustainable packaging, and logistics services, has announced a significant AED 182 million (approximately $50 million) investment in its security solutions division, E7 Security.

Organisations - September 25, 2024 midnight

Pakistan Takes New Steps to Improve Tax Revenue Streams from Major Industries

Recognising the importance of track and trace systems for curbing tax evasion in key industries such as tobacco, cement, sugar, and fertiliser, the new Prime Minister of Pakistan, Shehbaz Sharif, has constituted a 10-member task force to address the technical, legal, and administrative challenges hindering the progress of such systems.

Track and Trace - September 25, 2024 midnight

Excise Revenues Soar in The Gambia Thanks to Tax Stamps

Between January and August this year, Gambia Revenue Authority (GRA) collected GMD 48,470,427.78 ($702,000) in excise duties, compared to just GMD 6,312,608.78 ($91,000) the previous year. This significant increase represents more than 800% of the country’s total excise revenue mobilisation.

Tax - September 25, 2024 midnight

15 Years and Counting – Part 3

To mark 15 years since the first Tax Stamp News™ was published, Tax Stamp & Traceability News™ is going back in time to the main news items covered by the newsletter between 2009 and today, looking at how they have developed over this period.

Editorials - September 12, 2024 midnight

UK to Abolish Duty Stamps on Spirits

Those round-shaped magenta discs that, since 2006, have adorned the labels of UK spirits and wine bottles, as a visual proof of duty paid, now look set to disappear, following a government announcement that the discs will be abolished once a review by HM Revenue & Customs (HMRC) has taken place.

Alcohol-Beverages - September 2, 2024 12:01 a.m.

Royal Mail Launches App to Detect Counterfeit Stamps

Following complaints over £5 fines being dished out to the recipients of letters and parcels suspected of carrying counterfeit postage stamps, the UK postal service, Royal Mail, has launched a scanner tool in its app that lets customers check if a stamp is counterfeit.

Technology - September 2, 2024 midnight

GCMD Partners with Authentix for Biofuel Supply Chain Trial

The Global Centre for Maritime Decarbonisation (GCMD) has completed a two-year pilot study aimed at ensuring supply chain integrity and fuel authenticity for drop-in green fuels (ie. renewable fuels made from biomass sources that can be blended with petroleum products).

Technology - September 2, 2024 midnight

15 Years and Counting – Part 2

It was 15 years ago, in July 2009, that the very first Tax Stamp News™ (now called Tax Stamp & Traceability News™) was published. To mark the occasion, we thought it would be interesting to go back in time, to the main news items covered by the newsletter between 2009 and today, and how they have developed over this period.

Editorials - September 2, 2024 midnight

The Strength of a ‘Phygital’ Approach

Combining physical and digital elements on tax stamps ensures that the strengths of both are exploited, and the weaknesses of each are covered. The International Tax Stamp Association (ITSA) is pleased to announce the launch of a social media campaign examining the topic in depth, featuring quotes from industry insiders and stories from around the world that demonstrate the strength of a ‘phygital’ approach.

Free - September 2, 2024 midnight

Tax Stamps that Talk Back at You

The Korea Minting, Security Printing and ID Card Operating Corp (KOMSCO) has developed a tax stamp in collaboration with VOICEYE, a 2D high-density barcode solution specialist, with a focus on critical global markets like tobacco, alcohol, and pharmaceuticals.

Technology - September 2, 2024 midnight

Microsoft Partners with Italian Mint to Protect Prosecco Wine

Microsoft Italy and the Istituto Poligrafico e Zecca dello Stato (IPZS – the Italian Mint) have launched a strategic collaboration based on artificial intelligence to protect the authenticity of Italian products from counterfeiting. One of the pilot projects for this collaboration relates to the most exported Italian wine in the world, but also the most imitated: Prosecco.

Alcohol-Beverages - September 2, 2024 midnight

Philippine Vape Festival Packed with Illicit Products

During the Philippine Vape Festival, held in August, the Bureau of Internal Revenue (BIR) seized over 5,000 illicit vape products displayed and offered for sale at the event. The main way of identifying the vapes were illicit was their lack of tax stamps.

Illicit Trade - September 2, 2024 midnight

Tracking Legislation Advances in Philippines

The Philippines’ House Ways and Means Committee has approved legislation that will expand the country’s tobacco tax stamp system into a more comprehensive approach for tracking the entire supply chain of tobacco products, including their origin, route, and final point of sale.

Tobacco - September 2, 2024 midnight

New Industry Glossary Covers Physical and Digital Currency

Reconnaissance International – co-publishers of Currency News™ (and a leading global source of business intelligence on currency, identity, authentication, tax stamps, and traceability) – have unveiled a new industry reference glossary.

Studies-Reports - August 2, 2024 midnight