SEATCA: Philip Morris fined B130m for tax-dodging
Philip Morris (Thailand) Limited (PMTL) says it will appeal a Criminal Court ruling that it wrongly declared the price of cigarettes imported from Indonesia between 2002 and 2003.
Philip Morris (Thailand) Limited (PMTL) says it will appeal a Criminal Court ruling that it wrongly declared the price of cigarettes imported from Indonesia between 2002 and 2003.
The Senate ratified on Wednesday a bill that will tax electronic cigarettes and impose higher duties on alcohol to raise P22.2 billion on its first year of implementation.
Plans have been proposed to increase tax on tobacco, ban electronic vapes and tighten online advertising of cigarettes.
The Department of Finance is proposing to raise taxes on electronic cigarettes and vapes to impose restriction for smokers on Thursday.
From this month, joint working groups formed by the Ministry of Economy and Finance will act against those involved in the distribution and sale of cigarette packets devoid of tax stamps.
Justice Philippines warned that failure to pass the proposal to increase tobacco tax pending in the Senate may result to more child and youth deaths.
A $45 billion infrastructure plan passed by Illinois law makers on June 1 includes a $1 per-pack cigarette tax hike, which would result in a $2.98 tax per-pack on cigarettes.
The bill raising the excise on tobacco products is only waiting for President Rodrigo Duterte’s signature to become law following its final approval by the House of Representatives and the Senate at the close of the 17th Congress on Tuesday.
Vaping business owners in Colorado expect a fresh push to tax nicotine liquid next year following a failed attempt to introduce a ballot initiative for voters to decide on its introduction in November.
PUBLIC Health Minister Piyasakol Sakolsatayadorn assured yesterday that a lawsuit against a leading tobacco firm over tax-evasion charges would continue as normal.
A bill passed by Vermont's two legislative chambers to impose a 92 percent wholesale tax on vaping products, including liquid-filled cartridges and electronic devices is likely to be signed by the governor.
Oregon may turn to cigarette and e-cigarette taxes in order to save the Medicaid program.
Health experts on Tuesday called on the government to save Cambodian lives by raising tobacco taxes and use the revenues to expand healthcare benefits for the general public.
Health experts are calling for the government to increase tobacco tax and use the money to expand health care benefits for the general public.
Connecticut and New York levy the highest cigarette taxes of any state, according to a new analysis from the Tax Foundation based on 2016 data.
Tobacco taxes collected by the federal government in fiscal year 2018 declined 6.2 percent over revenues for the previous year, according to recently released figures.
The federal Alcohol and Tobacco Tax and Trade Bureau has released due dates for alcohol and tobacco product manufacturers to pay their 2019 excise tax obligations.