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Prepared by the International Tax and Investment Center and Oxford Economics
Study Highlights the Philippines as
Country with the Fastest Growth in Illicit Cigarettes
Philippines’ illicit cigarette consumption almost tripled in 2013; mainly attributed to domestically-produced illicit cigarettes
Accounts for 34.5% of all total illicit cigarettes consumed in ASEAN countries during 2013, and is second only to Vietnam with 39%
Almost one in five cigarettes in the Philippines is found to be illicit, leading to an estimated loss in tax revenue of USD368 million
Singapore September 11, 2014 – The Philippines is the fastest-growing and now one of the top two illicit cigarette markets within ASEAN (Association of Southeast Asian Nations). Consumption of illicit cigarettes grew by 198% from 2012 to 2013 according to a newly-released study.