Tag: Revenue Loss
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Senator Gatchalian Proposes New Measures to Combat Illicit Trade of Cigarettes and Vaping Products
Senator Sherwin Gatchalian has announced his intention to introduce new strategies to tackle the illegal trade of cigarettes and vaping products, aiming to curb significant government revenue losses and mitigate health risks linked to smoking and vaping. The Bureau of Internal Revenue (BIR) has reported a projected revenue shortfall of PHP40 billion from 2021 to…
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Senator Gatchalian Proposes New Measures to Combat Illicit Trade of Cigars and Vaping Products
Senator Sherwin Gatchalian has announced his intention to develop strategies to tackle the illegal trade of cigarettes and vaping products, aiming to mitigate the government’s revenue shortfall and address the health hazards linked to smoking and vaping. According to data from the Bureau of Internal Revenue (BIR), the government anticipates a revenue loss of PHP40…
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Illicit Cigarette Trade Fuels Smoking Surge and Revenue Decline in the Philippines
In a recent crackdown, authorities in Leon B. Postigo, Zamboanga del Norte, seized smuggled cigarettes valued at PHP7.79 million on January 14, 2025. This seizure underscores a broader issue highlighted by the Senate Committee on Ways and Means, which has identified illicit trade as a significant contributor to the increased smoking rates and diminished tax…
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