Philippine BIR Prohibits Vape Cigarette Sale Below Floor Price
Revenue Regulation No. 16-2024 Updates Floor Prices, Warns of Criminal Liabilities The Bureau of Internal Revenue (BIR) has issued a statement prohibiting the sale of vapor products, cigarettes, and heated tobacco products below the floor price set by the taxman, which results from combined excise and value-added taxes. Internal Revenue Commissioner Romeo Lumagui Jr. issued […]