Tobacco smuggling gobbles up sales tax revenue
That tobacco products are being smuggled into the country, evading the 100 percent sales tax, is evident from the decrease in sales tax revenue collected at the regional customs office in Phuentsholing. As the busiest border town, most tobacco products enter the country through Phuentsholing. There is no dearth of tobacco products, especially cigarettes and chewing tobacco, but the regional revenue and customs office collected only Nu 234,502 in sales tax in 2013. The year before, they collected Nu 275,506. Incidents of tobacco confiscation, however, have increased in 2013, going by police records.
Related Posts
Maharstra Excise Department’s Big Action in Pune, 241 Liters of Foreign Liquor Seized
Pune: Maharashtra Excise Department has taken a massive action in Pune along...
Student Hongtao Zhang jailed for dodging more than $460,000 in tax revenue by illegally importing almost 700,000 cigarettes
A HIGHLY organised tobacco smuggling operation run by a Chinese student couple in...
The secret lives of Thailand’s counterfeiters
On streets in Bangkok and in some of its glistening air-conditioned malls,...
Why Spanish Cheese Smuggling Will Likely Continue in Canada
Canada is the North Korea of dairy products with a tight border through which...