With four new, powerful digital instruments financed by the Recovery and Resilience Fund, the tax administration is entering a new era of tax audits, where data is cross-checked in real time and transactions are monitored at the moment they are made.
The European Union’s plans to further increase tobacco taxation and reduce declining smoking rates across the bloc have pleased public health advocates, but the industry warns that tax revenues may be disrupted by the rise of illicit markets that flourish when taxes are high.
