Illicit Trade

A VAT Return Operator can play a critical role in helping governments combat illicit trade and build trusting relationships with consumers. Read on to learn more. 

Governments worldwide are working to address tax fraud and counterfeit goods, and receipt verification by consumers whenever they pay for goods or services is one of the strategies that actually work. 

Traceability technologies, driven by data analysis and data fusion systems, have the potential to empower institutions and change various sectors for the better. Everybody wins with an effective national traceability system — consumers, businesses, and governments. However, it is important to recognise that different regions have their own approaches to track and trace, each with its unique advantages and implications.

The demand for robust digital tracking systems is growing, and several key drivers are fuelling the popularity of Track and Trace solutions. Read on to learn more.

Tax stamps are commonly used in many countries to control revenue and fight tax evasion. Emerging technologies are reshaping our routines, and digital tax stamps are a prime example. They are modernising excise tax collection, streamlining processes, and boosting efficiency in tax services.

Track and trace technology solves many problems. This article explores the potential benefits of adopting the technology and provides insights into selecting a solution wisely to avert complications.