Lost Revenue from Cigarette Smuggling in Egypt

in Business Security

According to a report by British American Tobacco Egypt, up to $663 Million is lost each year due to illegal cigarette smuggling activities in the country. At least 20 percent of the 84 billion cigarettes smoked in Egypt each year was obtained on the black market, according to criminal justice programs.

The annual losses represent up to 3 percent of the country’s budget deficit. In the first half of 2011, the Egyptian Government lost tax payments of $26.84 Million.

Source:  “Illicit cigarette trade ‘costing Egypt $663m’, Trade Arabia, March 19, 2012.

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