
Government loses RM2.5b tax revenue due to illicit cigarette trade, assemblyman says
The illegal cigarette trade is causing the government to lose about RM2.5 billion in tax revenue last year, National Kenaf and Tobacco Board chairman Datuk Mohd AdhanKechik said. He said the figure was arrived at based on information received from tobacco industry players. “The smuggling of illegal cigarettes is said to be due the exorbitant cigarette prices here, which is among the highest (in the region) besides Singapore and Brunei.
Related Posts
HMRC hails huge cut in UK tobacco fraud
HM Revenue and Customs says it has halved the size of the UK’s illicit cigarette...
Duplicate toys of popular brands seized in Burrabazar
Two US-based companies had apparently found out about the sale of duplicate toys...
In Vietnam, counterfeiters thrive on desire for cheap luxury
Nguyen Thu Ha bought a pair of Gucci shoes for only one-tenth the price of a...
Foreign currency worth crores recovered at IGIA.
New Delhi: Two Afghan nationals and two Indians were detained in the past 48...