KUALA LUMPUR: Malaysia’s move to stub out tobacco use with higher levies has pushed smokers to the black market instead.
The Southeast Asian country has the world’s highest share of illegal tobacco sales at 59% of its market, with 1,000 illicit cigarettes bought each minute, Oxford Economics said in a report commissioned byThat has cost the government 13.5 billion ringgit of revenue in unpaid taxes since Malaysia raised excise duties on cigarettes in 2015, according to the report.
Its revenue fell 3.2% in 2018 on declining sales of cigarettes and contract manufacturing after it closed a factory near the capital Kuala Lumpur. The company’s rival Japan Tobacco Inc. shuttered its Malaysian plant in 2017 and bought stakes in Indonesian and Philippine producers that same year. The study commissioned by BAT showed about 598 million packs in Malaysia were illegal in 2018. Nearly half of the consumption were"illicit whites” that are smuggled into the country from neighboring Indonesia, Philippines and Vietnam due to cheaper prices. Tags / Keywords:
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