Citing an alarming incidence of illicit tobacco trade among ecozone locators, the government plans to impose mandatory Bureau of Internal Revenue (BIR) registration before cigarette manufacturers can set up shop.
“The alleged illicit activities in special economic zones of certain locators registered with the Philippine Economic Zone Authority (Peza) is alarming because on top of enjoying tax breaks granted by the investment promotion agency, these errant firms have been depriving the government of unpaid income taxes, excise taxes, value-added tax (VAT) and customs duties whenever their illicit products are sold in the local market,” Finance Secretary Carlos Dominguez III said in a s…
Keep on reading: BIR registration for ecozone cigarette makers pushed