The bill will increase tobacco excise by 5 percent per year between 2024 and 2026. Read More
A previous ruling determining fiscal responsibility after theft stands, rules U.K. Top Court. Read More
The proposed tax increase is part of the Income Tax Bill 2023.Read More
A recent hike in tobacco excise taxes prompted legal tobacco companies to cut production.Read More
The tax increase is reportedly necessary because the EU minimum tax is set in euros.Read More
Critics warn that the hike will boost the country's already-thriving illicit tobacco market.Read More
The import duty on e-cigarettes will be raised from 5 percent to 25 percent.Read More
Tax authorities have filed 69 complaints for tax evasion worth PHP1.8 billionRead More
But opinions differ as to how much the fiscal measure has boosted illicit cigarette sales. Read More
Pakistan Tobacco Trims Output as Illicit Trade Booms After Tax
The firm intends to re-export unused cigarette machines. Read More
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