Illicit Tobacco Trade in KSA Causes $80 Million Tax Revenue Loss
- Market research shows a 14.1% incidence of non-domestic cigarette packs in Saudi Arabia for Q2 of 2018, almost doubling from 7.2% in Q4 of 2017
- Excise and VAT have increased the price of cigarettes in some GCC nations, giving rise to illicit trade
- Use of research and intelligence to better understand the problem and its drivers;
- A policy framework that regulates the legal supply chain and severely penalizes those involved in illicit trade;
- Harmonization of GCC excise tax policies through introduction of a minimum excise tax
- Significant human and financial resources devoted to enforcement to ensure that laws are properly enforced and criminals are brought to justice;
- A tracking and tracing system based on open standards that can be used by all relevant stakeholders in the supply chain across different technological platforms, geographies and industries to prevent product diversion;
- Strict control of the supply chain to avoid product diversion from one country to another; and
- Education campaigns that raise public awareness of the problem and its impact on society”
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