Tobacco firm JT International Bhd is calling for more coordinated action to tackle the growing illegal cigarette trade in the country.
"Decisive measures are needed to contain contraband trading before the situation deteriorates further. All indications from recent studies and reports from the market, as well as our observations on the ground, suggest that the situation is not improving and we are projecting that the government will likely miss its revenue collection targets from the industry in 2019,” O'Rourke said in a statement yesterday.
The tobacco company reiterated its earlier calls for the government to implement measures, among others, an excise tax moratorium for the next three years, to avoid any further price shocks leading to more smokers switching to illegal cigarettes and to also allow for enforcement action to take hold. "Furthermore, there should only be a single point of entry for any importation of cigarettes into Malaysia. The aim is to avoid the manipulation of processes and procedures and enable better focus and monitoring of cigarette importations into the country," it said.
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