Tax Revenue Losses to Cigarette Smuggling in Greece in 2012

According to a survey by the Center of Planning and Economic Research, the government of Greece is lost up to $780.5 Million (€600 Million) in tax revenue in 2011 to 2012 due to cigarette smuggling activities.

The Finance Ministry stated that there was a drop of 11 percent in tobacco revenue between 2011 and 2012.

Up to 18.6 percent of all tobacco consumed in Greece was purchased on the black market.

Source:  Margarita Papntoniou, “Tobacco Smuggling Soars In Greece,” Greek Reporter, June 29, 2013.