Tag: tobacco
Tax revenues from tobacco hit P129B; vape at P1.35B
The government collected taxes worth P128.98 billion from tobacco and P1.35 billion from vape products from January to November 2024, according Secretary Frederick Go...
NTA sees higher tobacco output but says buying price likely to fall
The country’s overall leaf tobacco production this year is expected to slightly increase by 0.4 percent to 45.58 million kg from 2024’s 45.4 million...
Advocacy groups urge govt: Raise excise taxes on tobacco, vape products
HEALTH advocacy groups yesterday asked the Senate to craft measures that will increase excise taxes on tobacco and vape products to discourage people from...
DOF to listen to comments on tobacco excise tax proposals
Finance Secretary Ralph Recto said the Department of Finance (DOF) is willing to listen to all stakeholders amid congressional calls for a moratorium on...
Solons push bill seeking tax hike suspension to address illicit tobacco trade
HOUSE leaders have filed a bill seeking to temporarily suspend the annual excise tax hikes on tobacco products due to the growing illicit cigarette...
