R7 cigarettes expose scale of illicit tobacco trade in SA
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The illicit trade in tobacco is winning the battle in South Africa. A grave concern, revealed by a recent study commissioned by British American Tobacco South Africa (Batsa), is the penetration of illicit products into the formal market.
The Ipsos study shows that illicit cigarettes sold in the market increased from 27% in 2022 to almost 75% this year.
This translates into tax revenue losses of R30 billion as cigarettes are being sold below the minimum collectable tax price (MTC) of R27.12
The Ipsos study shows that illicit cigarettes sold in the market increased from 27% in 2022 to almost 75% this year.
This translates into tax revenue losses of R30 billion as cigarettes are being sold below the minimum collectable tax price (MTC) of R27.12
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