Sovereign governments have the right to levy excise duties on products in accordance with international treaties or national laws. These indirect taxes levied on consumption are most of the time applied to certain commodities, notably tobacco, alcohol, soft drinks, petroleum and its derivatives.
When a tax stamp regime is introduced, one of the first issues to arise is the question of how to make sure that all products are properly taxed.
A choice must then be made between the indirect physical marking of the products – via a tax stamp with security features like a mini banknote – and/or the use of a direct marking on the product or its secondary packaging that can be used for product identification. ATT offers solutions for both processes. It is well recognized that product authentication must be tied to a product’s provenance and traceability (including its origin and precise place and date of manufacture).
At ATT, we leverage all of our expertise to help our partners – both private sector actors and governmental authorities – to design the right tax stamp system for the country and products concerned.