Regulator signs on tobacco companies to clamp down on fraud
The national tax and excise office (NAV) has signed a cooperation agreement with members of the Hungarian tobacco industry association (MDSz) and with Philip Morris Hungary to step up the fight against counterfeit and smuggled products, NAV said on Wednesday.
NAV will exchange information with BAT's Pécs tobacco factory, Imperial Tobacco Hungary, JTI Hungary, Continental Tobacco and Philip Morris in order to combat crime, react fast to market changes and help collect excise tax.
The sides will exchange information about the transport of tobacco products, information to assess the authenticity of seized shipments and will organize training to boost crime-fighting efficiency.
NAV said the agreement would also help Hungary fulfill the European Union requirements regarding the respective tax level by December 31, 2017.
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