
According to Manila Bulletin's report on May 7, the Bureau of Internal Revenue (BIR) in the Philippines announced that starting from June 1, 2024, they will confiscate e-cigarette products that do not have the required internal revenue stamp. Individuals and businesses found with these products will also face legal consequences.
BIR Director Romeo D. Lumagui Jr. emphasized in a recent statement that e-cigarette manufacturers and importers must ensure their products comply with the requirements for internal revenue stamps by June 1 of this year.
Director Lumagui reminds relevant enterprises that they can start ordering the new generation of tax receipts from May 8th.
In addition, Luguay warned that starting in June, the National Taxation Bureau will strictly supervise the market and confiscate e-cigarette products that do not have tax stamps as required. He pointed out that such behavior will not only be subject to administrative penalties, such as fines that may increase tenfold, but also will face criminal responsibility for tax evasion.
The series of measures taken by the National Taxation Bureau is a direct response to the ongoing issue of illegal e-cigarette trading. Since 2022, the BIR has conducted multiple raids on illegal e-cigarette trading and successfully prosecuted several cases criminally.
Lumague finally stated, "In the 'New Philippines', there is no room for tolerance for those who sell e-cigarettes without paying the correct taxes. The BIR will continue to intensify enforcement efforts to ensure that all businesses comply with tax laws."
We welcome news tips, article submissions, interview requests, or comments on this piece.
Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn
Notice
1. This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.
2. The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.
3. This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.
4. Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.
Copyright
This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.
For copyright-related inquiries, please contact: info@2firsts.com
AI Assistance Disclaimer
This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.
We welcome any corrections or feedback. Please contact us at: info@2firsts.com