0
0
0
s2sdefault

BUDGET 2021 is seen as the first step in a long process of correcting Malaysia’s previous approach to tackling illicit tobacco.

Illicit tobacco is a problem which has been plaguing Malaysia for a long time and forms a key part of the shadow economy.

The shadow economy, estimated to be 18.2% of Malaysia’s GDP – or approximately RM275 billion in value – needs to be addressed as the nation loses significant amounts of tax revenue.