BIR head revenue executive assistant Dondanon Galera said total tobacco excise tax collection last year stood at P134 billion, about P51 billion short of the agency's P185 billion target collection in 2023.
Total tobacco excise tax collection last year was also relatively flat compared to the P134.91 billion the BIR collected in 2023.
The change in consumption patterns of smokers, including the shift to vape, and the prevalence of illicit trade in the country curtailed the BIR's capacity to hit its collection target, Galera said.
During a Senate committee on ways and means hearing, Galera admitted that sellers of illicit cigarettes and vape products have become "more brazen" last year.
هذه القصة مأخوذة من طبعة January 10, 2025 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 10, 2025 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Tee Time With Jewelmer
International luxury brand Jewelmer tees off the year with Olympian and Ladies Professional Golf Association (LPGA) Tour golfer Bianca Pagdanganan.
SoKor investigators call for indictment of detained President Yoon
South Korean investigators asked prosecutors to indict the country's detained President Yoon Suk-yeol over his short-lived imposition of martial law last month, as it accused him of rebellion, abuse of power and obstruction of parliament on Thursday.
Bangkok Air Pollution Forces 352 Schools to Close
Air pollution in the Thai capital forced the closure of more than 350 schools on Friday, city authorities said, the highest number in five years.
Phl crypto market seen growing further
The Philippines has become a hotspot for cryptocurrency investments as Filipinos have so far invested an estimated P6 trillion in the crypto market, according to Finance Secretary Ralph Recto.
Judge temporarily blocks Trump's plan to end birthright citizenship
A federal judge Thursday temporarily blocked President Donald Trump's executive order to end automatic citizenship for babies born on US soil, dealing the president his first setback as he attempts to upend the nation's immigration laws and reverse decades of precedent.
Bureaucratese
FIRST PERSON
NEDA
\"We may have difficulty achieving the six percent for the full year, but we'll see,\" Balisacan told reporters.
DA forms TWG for food security emergency
The Department of Agriculture (DA) has formed a technical working group (TWG) to formulate the implementing rules for the release of National Food Authority (NFA) rice stocks once the government officially declares a food security emergency on the staple.
Court Convicts 3 for 2013 Kidnap of Chinoy Trader
The Quezon City Regional Trial Court (RTC) yesterday sentenced three members of a kidnap-for-ransom group to life imprisonment without eligibility for parole for the kidnapping of a Filipino-Chinese trader in 2013.
Invest in US or face tariffs
WASHINGTON (AP) - President Donald Trump used an address on Thursday to the World Economic Forum to promise global elites lower taxes if they bring manufacturing to the US and threatened to impose tariffs if they don't.
