Illicit Trade
Monitor
Illicit trade not only reduces turnover for honest operators and local producers, they also cause significant revenue losses for fiscal administrations. Failure to declare imported goods and local production undermine a government’s ability to invest in social services, infrastructures, schools and public health programmes.
Being able to enforce tax policies and to detect non-compliance and fraud is crucial, especially in countries whose government budgets rely heavily on the collection of indirect taxes.
Discover the effectiveness of SICPA's all-round solution through the articles compiled in this blog and learn more about the technology behind, allowing government bodies to ensure correct tax payments and monitor compliance.
Video - Uganda loses Shs30B annually to illicit cigarette trade
Tunisie: la valeur des marchandises de contrebande en hausse de 54% en 2022 (douanes)
Diageo warns of illicit liquor during festive season which cost the country billions in tax
Santé – Lutte contre les faux médicaments : Un combat pour la vie
Significant rise in illicit tobacco trade noted
