BIR to Begin Confiscation of Unmarked E-cigarette Products from 2024
According to a report from the Manila Bulletin on May 8, the Bureau of Internal Revenue (BIR) in the Philippines has announced that starting on June 1, 2024, they will begin confiscating e-cigarette products that do not have the required internal revenue stamps. Individuals and businesses found in possession of these illegal products will be held accountable and may face legal consequences.
Romeo D. Lumagui Jr., the director of the Bureau of Internal Revenue, recently issued a statement requiring e-cigarette manufacturers and importers to pay consumption taxes and comply with domestic tax stamp requirements by June 1 of this year. Starting on May 8, they can order the new generation of tax stamps.
The director warned that starting in June of this year, the BIR will strictly regulate the market and confiscate e-cigarette products that are not properly marked with tax stamps. Violators may face not only hefty fines (which can be increased to ten times the original amount) but also possible criminal charges for tax evasion.
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