Illegal trade in tobacco and alcohol hits taxman
And effect of lockdown bans lingers
Excise revenue on tobacco, beer and spirits dropped R3.7bn in the first half of financial 2024, even though collections improved post-Covid — and alcohol and cigarette manufacturers blame the proliferation of illicit products and counterfeit goods.
“While collections in spirits excise duties have recovered well compared to levels in 2019/2020, collections over the first half of 2023/24 were also 12.4% lower compared to the same period in 2022/23. Beer and wine collections have grown by 2.1% and 9.7% respectively over the same period,” according to the National Treasury. ..
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