By Doris C. Dumlao
LT Group Inc. sees “illicit” cigarette trade remaining a key challenge for the conglomerate this year as it pleaded for additional safeguards from the government to level the playing field for tobacco manufacturers and to plug alleged excise tax leakages.
By Matikas Santos
Prices of tobacco and alcohol products went up on January 1 as the second increase of prices took effect in accordance with the Sin Tax Law.
By Niña P. Calleja
A health group has lashed out at tobacco giant Philip Morris Fortune Tobacco Corp. (PMFTC) over its plan to manufacture cheaper cigarettes to compete with a local brand, saying this would defeat the purpose of the “sin tax” law.
By Michelle V. Remo
Finance officials reported a big surge in tax collections for cigarette and alcoholic beverages in the first three quarters this year, indicating the success of the sin tax law which took effect at the start of the year.
By Daxim L. Lucas
Mighty Tobacco Corp. on Wednesday welcomed calls for authorities to examine its books amid allegations that it has been dodging taxes and customs duties in order to price its products cheaply and undercut market rivals.