Crackdown on cigarette smuggling should intensify as tax rises: tobacco firm | ABS-CBN
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Crackdown on cigarette smuggling should intensify as tax rises: tobacco firm
ABS-CBN News
Published Jan 06, 2022 11:43 AM PHT
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MANILA - The crackdown on smuggled cigarette products should also increase as the government imposes another hike in taxes of tobacco products, Philip Morris International and LT Group’s Fortune Tobacco Corp joint venture PMFTC Inc president Denis Gorkun told ANC.
MANILA - The crackdown on smuggled cigarette products should also increase as the government imposes another hike in taxes of tobacco products, Philip Morris International and LT Group’s Fortune Tobacco Corp joint venture PMFTC Inc president Denis Gorkun told ANC.
Smuggled goods are cheaper because illegally procured items don't pay taxes, Gorkun said.
Smuggled goods are cheaper because illegally procured items don't pay taxes, Gorkun said.
The increase in tobacco taxes under Republic Act No. 11467 took effect last Jan. 1, the proceeds of which will be used to fund Universal Health Care.
The increase in tobacco taxes under Republic Act No. 11467 took effect last Jan. 1, the proceeds of which will be used to fund Universal Health Care.
Read More:
tobacco
cigarette products
smuggling
smuggled cigarettes
tobacco tax hike
universal health care
Philiip Morris
Lucio Tan
Fortune Tobacco
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