On the sidelines of the International Tobacco Agricultural Summit, Lumagui said that if a moratorium is imposed, the government must recalibrate its revenue projections for tobacco excise tax ...
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BIR eyes P325 billion from excise taxesBIR data showed that excise tax collection is seen rising by 11 percent to P324.55 billion this year from last year’s P291.73 billion tax take. The excise tax collection forms part of the ...
The Bureau of Internal Revenue (BIR) collected as much as P176.48 billion in tobacco excise taxes in 2021 before it continuously dropped to P160.4 billion in 2022 and P134.91 billion by 2023.
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