BIR promises to remove export cigarettesâ tax-stamp exemption
March 1, 2021 | 7:44 pm
THE Bureau of Internal Revenue (BIR) said it will withdraw the tax-stamp exemption of export cigarettes, after a legislator cited the potential for these products to enter the market as tax-free smuggled goods.
At the House Ways and Means Committee hearing Monday, the chairman, Representative Jose Ma. Clemente S. Salceda, said the BIR should revoke Revenue Regulations (RR) No. 9-2015, which grants the exemption. He called unstamped export cigarettes âthe mother lode of smuggling.â
BIR Commissioner Caesar R. Dulay said the agency will reverse its rules in response to Mr. Salcedaâs proposal.
Economic zones haven to cigarette smugglers? mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
28 Feb 2021 - 9:18
Philippine Economic Zone Authority Director-General Charito Plaza
The Peninsula
Doha: Foreign investors from Qatar who are planning to expand to the Philippines, will soon be able to visit the country, notwithstading the ongoing COVID-19 pandemic, and with major local banks ready to provide institutional finance. This was revealed during the launch of the monthly “Global Biz with PEZA”, a forum that highlights investment opportunities in the Philippines, which was held as part of the 26th anniversary celebration of the Philippine Economic Zone Authority (PEZA), recently.
During the event, which was streamed live online, PEZA Director-General Charito Plaza responded to the issues raised by Doha-based PEZA Investments Promotions Partner Joseph Timothy Rivera regarding Middle East investors, particularly those from Qatar, who now wish to resume business travels to the Philippines.
Philippine banks ready to assist Qatar-based investors: Officials thepeninsulaqatar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thepeninsulaqatar.com Daily Mail and Mail on Sunday newspapers.
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