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Internal revenue stamps for vape products mandatory by June

Bureau of Internal Revenue Commissioner Romeo Lumagui Jr. reminded the public that internal revenue stamps will be mandatory for all imported and locally manufactured vape products in the market by June 1, 2024, as stated in Revenue Memorandum Circular 59-2024......»»

Category: newsSource: philstar philstarMay 7th, 2024

Vape products found with P151 million tax deficiencies

More vape products are found evading tax liabilities of around P151 million as the Bureau of Internal Revenue ramps up its enforcement activities......»»

Category: financeSource:  philstarRelated NewsApr 3rd, 2024

Marcos orders crackdown on tobacco, vape smuggling

President Marcos has directed the customs and internal revenue bureaus to enhance their efforts against the smuggling of tobacco and vape products, during a meeting that tackled measures aimed at protecting the Philippines’ tobacco industry......»»

Category: newsSource:  philstarRelated NewsMay 10th, 2024

BIR doubles down on vape industry

The Bureau of Internal Revenue is ramping up efforts to monitor the vape industry after scoring a major win in a P1.2-billion tax evasion case......»»

Category: financeSource:  philstarRelated NewsFeb 26th, 2024

PBBM binoldyak Customs, BIR sa smuggled vape

Lumalaganap ang smuggling ng vape at sigarilyo sa bansa kaya pinakilos ni Pangulong Bongbong Marcos ang Bureau of Customs at Bureau of Internal Revenue na tuldukan ang problemang ito. The post PBBM binoldyak Customs, BIR sa smuggled vape first appeared on Abante......»»

Category: newsSource:  abanteRelated NewsMay 9th, 2024

Restricting minors’ access to vape pushed

MANILA, Philippines — Health Secretary Teodoro “Ted” Herbosa on Tuesday called for stricter enforcement of regulations to prevent minors from accessing tobacco products, especially vape. Herbosa cited that while minors are not legally allowed to purchase such products, many of them can still be seen using them. “Technically, by law, 18 years old and above.....»»

Category: newsSource:  inquirerRelated NewsJan 16th, 2024

Digital times call for digital measures

The Bureau of Internal Revenue has recognized the undeniable rise of digital commerce in the Philippines by promulgating Revenue Regulation16-2023, issued on Dec. 21, 2023, and Revenue Memorandum Circular 08-2024, issued on Jan. 15, 2024, respectively......»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

SSS Surpass 2023 Revenue Target by 9.5%

The Social Security System (SSS) said it surpassed its revenue target for 2023, the highest revenue ever recorded according to SSS Chief Executive Officer Rolando Ledesma Macasaet. In a press release, SSS said they had initially set the revenue target for last year at Php330 billion but have achieved 9.5% more or Php362.20 billion. “Our […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 21st, 2024

Vape products to contain graphic health warnings

Just like tobacco products, e-cigarette or vape products available in the local market shall contain graphic health warnings soon, according to the Department of Health......»»

Category: newsSource:  philstarRelated NewsApr 24th, 2024

Government t sees more revenue from e-cigarette taxes

The domestic electronic cigarette and vape industry are expected to contribute in hitting the government’s revenue collection goal, as players are urged to pay the right taxes amid Filipinos’ shift to alternative smoking......»»

Category: financeSource:  philstarRelated NewsJan 25th, 2024

Correction over collection

Secretary Ralph Recto has reportedly “ordered” the Bureau of Internal Revenue and the Bureau of Customs to work together in order to achieve the revenue collection target of P4 trillion-plus for 2024......»»

Category: newsSource:  philstarRelated NewsJan 26th, 2024

Taguig shuts down 3 vape shops

The local government of Taguig has ordered the closure of three vape shops for violating the city’s smoke-free ordinance......»»

Category: newsSource:  philstarRelated NewsApr 22nd, 2024

Daghang menor nasikop sa paggamit og vape

Daghang menor nasikop sa paggamit og vape.....»»

Category: lifestyleSource:  abscbnRelated NewsMar 18th, 2024

DTI intensifies action vs illegal vape sales

DTI intensifies action vs illegal vape sales.....»»

Category: newsSource:  sunstarRelated NewsFeb 8th, 2024

Delivery drivers urge Mayor Baste for business permit exemption

Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»

Category: newsSource:  inquirerRelated NewsJan 22nd, 2024

Upson income drops despite record revenue

Listed IT products retailer Upson International Corp. posted record high revenue in 2023 but lower gross margin and higher expenses dragged down profit for the year......»»

Category: financeSource:  philstarRelated NewsMar 25th, 2024

Araneta, Magramo fight for mandatory challenger status in ‘Kumbati 16’

Araneta, Magramo fight for mandatory challenger status in ‘Kumbati 16’.....»»

Category: newsSource:  sunstarRelated NewsJan 25th, 2024

Robin ‘binaril’ abuso sa mandatory ROTC

Tiniyak ni Senador Robin Padilla na hindi na mauulit ang pang-aabuso sa Mandatory Reserve Officers Training Corps (ROTC) program oras na maisabatas ito. The post Robin ‘binaril’ abuso sa mandatory ROTC first appeared on Abante......»»

Category: newsSource:  abanteRelated NewsApr 27th, 2024

69 percent support mandatory ROTC revival – Pulse

Sixty-nine percent of Filipinos are in favor of reviving the mandatory Reserve Officers’ Training Corps program in schools, according to a Pulse Asia survey commissioned by Senate President Juan Miguel Zubiri in December last year......»»

Category: newsSource:  philstarRelated NewsApr 9th, 2024

Mandatory rainwater system in houses to reduce flooding sought

With the regular recurrence of dry spells, it is time to make the installation of a rainwater collection system “mandatory” in all buildings, residential or commercial, if only to mitigate flooding, according to a senior administration lawmaker......»»

Category: newsSource:  philstarRelated NewsFeb 26th, 2024

No, forcing women into mandatory ROTC is not gender equality: GABRIELA to senator Bato dela Rosa

Forcing young women to undergo mandatory ROTC is NOT gender equality. It just means we are now throwing both halves of the population into militarist, macho, and misogynistic education under ROTC......»»

Category: newsSource:  samarnewsRelated NewsFeb 3rd, 2024