Malaysia Cigarette Price List 2017
Cigarette contents and disclosures.
Malaysia cigarette price list 2017. Malaysiastock biz is a free channel for you to access the klse market watch information covered from market summary overview top volume top gainers top losers and up to each categories and individual listed company. Yesterday jt international bhd jti malaysia announced that it was seeking regulatory approvals to increase the prices for all the cigarette brands that it distributes in malaysia post sst. Cigarettes in malaysia 2017 summary the market for cigarettes in malaysia has experienced contrasting trends in recent years.
Cigarette sales by price segment volume 2003 2009 2011 2013. A check with various retail stores showed that cigarette prices under the sst regime have gone up by between 20 sen and 50 sen translating into an increase of 1 18 and 4 35 respectively. As a result bat said it will be required to increase cigarette prices.
And 11 control of tobacco product amendment regulations 2018. Try our corporate solution for free. Latest estimates place non duty paid volumes at 10 2 billion pieces in 2017 with a similar level.
This statistic shows the results of a survey conducted by cint on the brands of cigarettes smoked in malaysia in 2018. The cost mentioned earlier of 12 50 is just an average of the state s cigarette prices and some researchers have found prices all the way up to over 14 a pack. Cigarette consumption in malaysia has fluctuated since 1990 although more recently been in sharp decline as a result of rising prices and a spike in.
Recently the legitimate market has suffered badly from a series of price and tax increases culminating in a combination of tax rises and a crackdown on black market activities. In malaysia tobacco control is. 10 control of tobacco product amendment regulations 2017.
In a report by the star on 28 march deputy health minister datuk seri dr hilmi yahaya announced that the government will be increasing the price of cigarettes in their efforts to discourage people from smoking. Cigarettes are currently sold at rm17 per packet and the target is to raise the price to rm21 50 per packet although we have held numerous campaigns unfortunately we are fighting. In addition to the cigarette tax there is a new york state sales tax which adds on 1 60 to the price.
Tobacco companies have increased cigarette prices by 1 to 4 after the government imposed the sales and service tax sst on sept 1. Even though higher excise tax rate on cigarette has continually increased the cigarette retail price but it leads to only a slight decrease in cigarettes consumption.
