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Government

BIR TO DIGITALLY TRACK, TRACE ILLICIT VAPE TRADE

The Bureau of Internal Revenue (BIR) is developing a digital track-and-trace system that will allow consumers and regulators to verify the authenticity of vape products and other excisable goods using QR codes readable by any smartphone. The initiative is part of the agency’s efforts to curb the proliferation of smuggled and unregulated vape products, which […]

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Government

BIR: IMPOSE HIGHER TAXES ON VAPE PRODUCTS

The Bureau of Internal Revenue (BIR) has called for higher taxes on vapor products, warning that taxing them less than cigarettes would lead to significant revenue losses for the government. “We wish to maintain that cigarette products and heated tobacco products should be taxed at the same rate, your honor,” said BIR Large Taxpayers Service […]

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Government

BIR: ‘ONE GOVERNMENT’ TO FIGHT ILLICIT VAPE TRADE

With illicit vape products making up as much as 80 percent of the market, lawmakers and tax officials are calling for a “one government approach” to combat the spread of unregulated and untaxed vapor products in the Philippines. At a Senate Ways and Means Committee hearing last Monday, the Bureau of Internal Revenue (BIR) revealed […]

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Government

BIR: PAY TAXES ON EXCESS CAMPAIGN FUNDS

Those who ran for public office should not run from their tax obligations. This was the message to candidates and political parties from the Bureau of Internal Revenue (BIR), which reminded all individuals and groups who ran in the 2025 elections that they are subject to tax regulations and must comply with key requirements as […]

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Government

CIGARETTE FACTORY FACES ₱8.5B TAX EVASION CASE

The Bureau of Internal Revenue (BIR) has filed an ₱8.5 billion tax evasion case against individuals behind an illicit cigarette factory and three warehouses raided in Bulacan and Valenzuela, marking the largest enforcement operation against illegal cigarettes in 2024.  In a post on the official BIR Facebook page, BIR Commissioner Romeo Lumagui Jr. revealed that […]

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Politics

CAYETANO WANTS HIGHER TAXES IMPOSED ON POGO OPS

Senator Alan Peter Cayetano voiced support for Senator Risa Hontiveros’ push to ban Philippine Offshore Gaming Operators (POGOs) but proposed an alternative approach regarding their tax regulations. “Would it be a remedy to put an absurd amount of tax amending the tax law that Senator Risa said, but let’s say putting a 10,000 percent tax […]

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Politics

CUA HAILS NEW LAW ON REAL PROPERTY VALUATION

Union of Local Authorities of the Philippines (ULAP) president and Quirino governor Dax Cua hailed the signing by Pres. Ferdinand Marcos, Jr. of Republic Act 12001 or the Real Property Valuation and Assessment Reform Act (RPVARA). “With the signing of the Real Property Valuation and Assessment Reform Act we can finally update our obsolete property […]

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Politics

ANAKALUSUGAN: SLASH STOCK TRANSACTION TAXES

AnaKalusugan Party-list is pushing for a measure to boost the capital markets and raise the investment competitiveness in the country. AnaKalusugan Party-list Rep. Ray T. Reyes on Tuesday defended a bill which seeks to reduce taxes for stock transactions and create equality in the tax treatment of debt and stock securities. According to the lawmaker, […]

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Politics

MAHARLIKA FUND SEEN TO BOOST INFRA SANS NEW TAXES

House Speaker Martin Romualdez welcomed the signing of the Maharlika Investment Fund (MIF) Act, saying the MIF is intended to be an additional vehicle for financing big-ticket infrastructure projects without incurring more foreign debt or having to impose new taxes on our citizens.Romualdez, one of the principal authors of the House version of the MIF, […]

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Politics

HIKE TAXES ON VAPE TO FUND UHC, SAYS ANAKALUSUGAN

AnaKalusugan Party-list Representative Ray T. Reyes believes increasing taxes on e-cigarettes will help raise funds for Universal Health Care and dissuade the youth from vaping. Reyes also expressed his concern over the increasing number of teenagers in the country that are using vape. Republic Act 11900 or the Vape Law passed in July 2022 lowered […]