The government should lower the tobacco excise tax rate and strengthen the enforcement of laws against illicit trade to ...
The Bureau of Internal Revenue (BIR) confirmed on Thursday a decrease in excise tax collection from 2021 to 2024, leading to ...
THE rampant illicit tobacco trade and misdeclaration of vapor products are projected to cost the government P240.3 billion in excise tax leakages over the next three years. Data from the Bureau of ...
The Bureau of Internal Revenue missed its tobacco excise tax collection target by more than a quarter as illicit trade ...
Rising illicit cigarette trade has led the country to a “lose-lose situation” by drastically reducing government revenues and ...
THE Philippine Tobacco Institute (PTI) said on Thursday that a pause in raising excise taxes on tobacco could steer consumers away from smuggled cigarettes and stabilize prices of legitimate products.
The proliferation of illicit cigarettes created a “lose-lose situation” for the Philippines, reduciong government revenue and undermining public health ...
Senator Sherwin Gatchalian on Thursday flagged the decrease in the government's tobacco excise tax collection and the ...
Excise tax collections started dropping in 2021. From P176.48 billion that year, the collection decreased to P134 billion in 2024.
The Philippine Tobacco Institute (PTI) on Thursday outlined several recommendations to comprehensively address the illicit ...
LAWMAKERS are advocating a temporary suspension of annual tax hikes on cigarettes and other tobacco products, citing concerns over the rise of illicit trade and its economic impact. During its Tuesday ...
The Department of Finance (DOF) supports a proposed two-year moratorium on the annual hikes in tobacco excise tax. House ...