During the Kapihan sa Manila Bay forum yesterday, local think tank Minimal Government Thinkers said vape smuggling has worsened as products continue to enter the market without the appropriate payment of tariffs and taxes.
Minimal Government Thinkers president Bienvenido Oplas Jr. said excise tax collection for tobacco products has been on a downtrend over the past years largely due to smuggling.
For vape alone, it is estimated that forgone revenues stood at P5 billion last year.
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BINI's 'Born to Win' docu chronicles girl group's struggles and rise to stardom
Mikha, Colet, Maloi and Jhoanna of the P-pop girl group BINI got emotional after watching their docuseries, \"Chapter 1: Born to Win.
THIRD-GENERATION NIEVERA IN MARTIN'S 42ND ANNIVERSARY CONCERT
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SPICES, TEARS AND CHEERS
People gather together around a table of food for many reasons.
EMPOWER YOUR LIFESTYLE WITH THE CHINABANK VELVET VISA SIGNATURE
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A CULINARY ADVENTURE AT 22 GRAMS
I got to 22 Grams in Poblacion, Makati and was a bit apprehensive to enter as it looked like a place for cakes and desserts.
Gov't to lose P10 B from vape smuggling
Lost revenues from the continued smuggling and illegal selling of vape products will likely double to P10 billion this year as misdeclaration worsens.
After parking, new NAIA operator hikes airline fees
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Foreign competition to perk up domestic shipping
It has finally happened.
Power stability, WESM and cheap electricity
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First end-of-life vehicle dismantling facility launched
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