Philippines: ‘Government loses P26 billion from illicit cigarette trade’
MANILA, Philippines — The government’s top two revenue offices have forfeited an average of P1.67 billion in taxes due to the illicit trade of cigarettes, but a legislator warned authorities have yet to infiltrate the P26-billion market for fake tobacco. Bureau of Internal Revenue (BIR) director Beverly Milo yesterday said the agency recorded tax losses […]
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