Illegal beverage market generates $118 million in tax evasion

Illegal alcohol leaves deep scars on the country’s beer and wine industry. A study by Euromonitor International, sponsored by Cervecería Boliviana Nacional (CBN), updated in 2019, concludes that of the 4,347,783 hectolitres (HL) of the total legal market, 15.4% comes from smuggling, which represents $118 million in tax losses.

Source: El Deber