Latest Breaking News On - Cigarette trade - Page 1 : comparemela.com

Excise duty structure fuels counterfeit cigarette use: report

Estimates annual revenue losses of Rs310b, calls for govt strategy to combat illicit sales

Rizwan riazAzad jammuKhawaja muhammad asifRector of research innovationNational university of sciences technologyCigarette tradeCurrent situationWay forwardNational universityFederal ministerResearch innovationTrace systemExpress tribune

Cigarette smuggling incurs P26-B revenue losses in 2022—Group — Daily Tribune

Cigarette smuggling incurs P26-B revenue losses in 2022—Group — Daily Tribune
tribune.net.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.net.ph Daily Mail and Mail on Sunday newspapers.

Jesus arranzaFederation of philippine industriesUniversity of asiaPhilippine industriesGross domestic productCigarette tradeSocial impactsWeak regulatory

Legal tobacco retailers say sales are still sluggish post cigarette ban

Prohibition on legal tobacco sales was a boon for illicit trade. Many have kept their customers, judging by the complaints of legal retailers.

South africaSouth africanSouth africansIvo vegterNkosazana dlamini zumaAdriano mazzottiVan walbeekJohn steenhuisenMazzotti carnilinxJarryd nevesBrett bottenTobacco companyGold leaf tobacco corporationNational income dynamics studyNational coronavirus command councilCoronavirus rapid mobile

SA has biggest, most brazen cigarette black market in the world

Last year, as President Cyril Ramaphosa announced an unprecedented lockdown to combat Covid-19, a ban prohibiting the sale of tobacco and alcohol products was enforced – much to the chagrin of many South Africans. Not only did this open the stage to the illegal cigarette trade, but it also resulted in billions of lost tax revenue. Tax Justice SA (TJSA) describes the illicit tobacco trade as ‘the biggest and most brazen black market in the world’. The organisation estimates that ‘two in every three cigarettes’ sold across the country is illegal. The lost tax revenue – amounting to around R8 billion – would be enough to purchase Covid-19 vaccines for half the population, says founder Yusuf Abramjee. – Jarryd Neves

Cape townWestern capeSouth africaKwazulu natalSouth africansSouth africanJarryd nevesYusuf abramjeeCyril ramaphosaGold leaf tobacco corporationDepartments of healthTobacco associationAfrican revenue servicePresident cyril ramaphosaAccess biznewsTax justice