According to a report from Tribune on April 30th, Romeo Lumagui Jr., Commissioner of the Bureau of Internal Revenue (BIR) in the Philippines, stated that the government is intensifying efforts to implement stamp and digital tracking systems to prevent the sale of unregistered e-cigarette products.
We expect to implement it before June, and we have also been working on procuring a digital tracking solution for anyone to check if these items are illegal.
This statement was released after the BIR confiscated thousands of unregistered e-cigarettes from suppliers with tax liabilities exceeding 1 billion pesos ($1,733,793). Lumagi stated that digital tools can assist the BIR in determining the size of the country's e-cigarette market and the total revenue lost by the government due to illegal e-cigarettes.
When it comes to e-cigarettes, we really don't know the extent of income loss, because this industry has not yet reached a relative level of maturity.
However, Lumagi stated that the local e-cigarette market appears to be growing, and BIR now lacks space to store the confiscated e-cigarette products. He also emphasized that BIR still needs to obtain legal authorization to dispose of seized e-cigarette products.
Luma emphasized that he hopes to achieve this goal in the first half of this year.
We can only handle cases that have not been filed in court. For those with court cases, the tax bureau is monitoring them as they filed e-cigarette disposal motions last year.
Notice
1. This article is provided exclusively for professional research purposes related to industry, technology and policy. Any reference to brands or products is made solely for the purpose of objective description and does not constitute an endorsement, recommendation, or promotion of any brand or product.
2. The use of nicotine products, including but not limited to cigarettes, e-cigarettes, and heated tobacco products, is associated with significant health risks. Users are required to comply with all relevant laws and regulations in their respective jurisdictions.
3. This article is strictly restricted from being accessed or viewed by individuals under the legal age.
Copyright
This article is either an original work by 2Firsts or a reproduction from third-party sources with the original source clearly indicated. The copyright and usage rights of this article belong to 2Firsts or the original source. Unauthorized reproduction, distribution, or any other unauthorized use of this article by any entity or individual is strictly prohibited. Violators will be held legally responsible. For copyright-related matters, please contact: info@2firsts.com
AI Assistance Disclaimer
This article may have utilized AI to enhance translation and editing efficiency. However, due to technical limitations, errors may occur. Readers are advised to refer to the sources provided for more accurate information.
This article should not be used as a basis for any investment decisions or advice, and 2Firsts assumes no direct or indirect liability for any errors in the content.
