KUALA LUMPUR, Feb 27 (Bernama) -- Japan Tobacco International (JTI) Malaysia has revealed that the incidence of fake tax stamps had surged to 8.7 per cent in last year's market, according to the Illicit Cigarettes Study 2023.
JTI general manager Juliana Mohd Yahya stated that the efficacy of the current paper-based tax stamps should be reviewed by the government.
She emphasised that the government should consider alternative solutions, such as more secure and cost-effective digital tax codes, in line with their drive towards digitalisation.
“This incidence has shown a 0.8 percentage point increase last year compared to 2022. It has also increased threefold in a rising trend since 2016,” she told a press conference held at a hotel here, today.
Juliana further noted that, concerning United Kingdom tax costs, the current paper-based tax stamps cost around RM0.07 per stamp, while the digital tax codes would only cost around RM0.019 per stamp.
“As of now, there are few countries that have practised the digital tax codes, such as the United Kingdom, Jordan, and the EU,” she added.
-- BERNAMA
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