Under Revenue Memorandum Circular 59-2024, the BIR is mandating all vape importers and manufacturers to put internal revenue stamps on their products by June 1, 2024. This means, the taxman said ...

The Bureau of Internal Revenue (BIR) is banking on the imposition of vape stamps to contribute to the further reduction of ...

Still, the shift in consumer preference from using cigarettes to vape products remains a concern, according to Lumagui. Last year, the BIR only collected P134 billion in excise tax on tobacco ...