Philippines Tax Bureau Requires E-Cigarette Merchants to Register
According to a report by the Manila Bulletin, the Bureau of Internal Revenue (BIR) in the Philippines has requested that e-cigarette vendors register their businesses to avoid potentially serious consequences in the future.
Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui Jr has announced that businesses who do not comply with income regulations will face criminal tax evasion charges. This follows tax evasion charges against five major e-cigarette importers and distributors, totaling over 1 billion Philippine pesos (approximately 120 million yuan).
According to the law, first-time offenders will face a fine of 2 million Philippine pesos (approximately 250,000 yuan) and a maximum of two years in prison. Second-time offenders will face a fine of 4 million Philippine pesos (approximately 490,000 yuan) and a maximum of four years in prison. Third-time offenders will face a fine of 5 million Philippine pesos (approximately 620,000 yuan) and a maximum of six years in prison. Foreign citizens who violate the law will be immediately deported after serving an appropriate sentence.
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