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TSTF Programme Latest

The programme for the Tax Stamp & Traceability Forum™ (TSTF) is almost finalised and includes some interesting presentations by tax authorities and solution providers alike.

Events - July 3, 2023 midnight

Canada’s Cannabis Industry Calls for Single Tax Stamp

As the first G20 nation to legalise recreational cannabis, Canada is well-placed to set the regulatory blueprint for the world. But there are still kinks to be ironed out, including a call by operators for a single national excise stamp to replace the current provincial stamps.

Cannabis - July 3, 2023 midnight

Authentix Buys Royal Joh Enschedé

Authentix has announced that it has acquired Netherlands-based Royal Joh Enschedé, a leading specialty printing and security solutions provider, from investment firm Nimbus.

Organisations - July 3, 2023 midnight

Cambodia Reveals Tax Stamp Requirements to Vendors

Cambodia has revealed the features of its new cigarette tax stamps to vendors in prime locations across the country, thanks to a joint effort between the General Department of Taxation (GDT) and the General Department of Customs and Excise (GDCE), reports Khmer Times.

Tobacco - July 3, 2023 midnight

Interview with an ITSA Member – SICPA

We continue our interview series exploring the perspective of International Tax Stamp Association (ITSA) members, who offer some of their experiences within the tax stamp industry, and their predictions of challenges and opportunities that lie ahead.

Interviews - July 3, 2023 midnight

Déjà Vu in Costa Rica

A little over two years ago, Costa Rica was in the throes of allegations by TRACIT (Transnational Alliance to Combat Illicit Trade) that the best way to fight illicit tobacco trade was through a close collaboration between private sector companies (eg. tobacco producers) and the public sector.

Free - July 3, 2023 midnight

Argentina Takes Tobacco Evasion by the Horns

Earlier this year, in an update on Latin America in this same newsletter, we posited that Argentina’s AFIP (Administración Federal de Ingresos Públicos), the government institution in charge of the country’s tax policies, would be toughening up its stance against illicit tobacco trade and tax evasion.

Tobacco - July 3, 2023 midnight

OpSec Group Goes Public

OpSec Group has announced that it will list on the NASDAQ stock exchange by merging with a special purpose acquisition company (SPAC) – Investcorp Europe Acquisition Corp. The SPAC is an arm of OpSec’s current owners – the private equity firm Investcorp Technology Partners.

Organisations - July 3, 2023 midnight

News in Brief

The Ethiopian Ministry of Finance plans to increase excise tax revenue by three to four times through the implementation of excise stamps, traceability, and an advanced excise management system.

TSTN - May 25, 2023 midnight

Tax Body Stresses Evolving Excise Role

At its recent conference held in April, the US Tax Foundation, which is the nation’s leading independent body on tax policy, presented research on some of the most pressing issues in global taxation, including global minimum tax, carbon tax, and excise tax.

Tax - May 5, 2023 midnight

Disagreement Reigns Over Role of EU Track and Trace

Tobacco stakeholders and the European Commission disagree over the practical value of the EU track and trace system on tobacco products, implemented across all member states in May 2019 as part of the Tobacco Products Directive, reports EURACTIV.

Track and Trace - May 5, 2023 midnight