Malaysia lost $732 million to illicit cigarettes

Malaysia lost $732 million to illicit cigarettes
Last year, the Singapore authorities caught 6,248 buyers of contraband tobacco products, up from 5,977 in 2011.

KUALA LUMPUR: Malaysia incurred losses estimated at RM1.9 billion (S$732 million) in tax revenue last year, due to illicit cigarette consumption and smuggling activities.

The findings were disclosed in a report prepared jointly by International Tax and Investment Centre (ITIC) and Oxford Economics, which was released here today.

ITIC president Daniel A. Witt, when presenting the report here said the loss was based on 7.9 billion illegal cigarettes consumed in Malaysia last year.

Former customs department director-general Datuk Seri Mohamed Khalid Yusuf said the illicit cigarettes were either smuggled from the border or produced illegally in the country. -- BERNAMA

 

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