The LRA intends to introduce the excise tax stamps all alcohol products and tobacco beginning January 2022. The Excise Tax Stamp is a specially designed stamp with digital and other security features which is affixed on excisable goods to show that taxes and duties have been paid or would be paid. … The Excise tax stamp is not a new tax. In South Sudan, Madras Security Printers was accused of corrupt and collusive behavior in 2020 with regard to their tax stamp program. Ghana’s policy on the tax stamp policy places the responsibility on the affected excise product on the importer or the manufacturer.

Source: Front Page Africa November 22, 2021 06:40 UTC