New Tax Stamp Report Launching in September

Next month, Reconnaissance International will launch the much-awaited third edition of Tax Stamps & Traceability: A Market Analysis and Technical Update – which, since the launch of the first edition back in 2007, has remained the only authoritative report of its kind.

Every year, at least 120 billion tax stamps are used on cigarettes and liquor products in 90 countries, either solely as tools for tax collection or as part of a comprehensive excise goods management programme that includes product authentication and secure track and trace, states the report. But while the number of countries adopting tax stamps continues to rise, the cigarette and spirits tax stamp market from a volume point of view is decreasing, due to the continuing decline of global tobacco consumption, and only a slight increase in spirits consumption.

However, other factors are creating opportunities for new tax stamp markets, including the rising importance of excise taxes and their extension to other products; the creation of brand new markets for tax stamps such as cannabis and vaping; the fact that illicit trade continues to thrive in the global economy; and the fact that by 2023, tobacco products in at least 60 countries across the world will be obliged to implement secure tracking and tracing, in compliance with the WHO FCTC Protocol to Eliminate Illicit Trade in Tobacco Products.