Philippines - PMFTC appealed for govt to keep present tax system for cigarettes..

February 15, 2011 - Philip Morris Fortune Tobacco Corp. Inc (PMFTC) appealed yesterday, February 14th to the government to keep the present tax system for cigarettes. In a press conference, PMFTC president Chris Nelson said the current system is working because the Bureau of Internal Revenue (BIR) even managed to exceed their P25.9 billion target for the tobacco industry alone.

Directly related..
Philippines - PMFTC Inc. urges govt to extend existing tobacco tax on products...

Nelson said that BIR (Bureau of Internal Revenue) was able to collect P31.6 billion (1 USD = 43.7500 PHP) in tobacco taxes last year. This is 32 percent better than the P23.9 billion collected in 2009. “This clearly shows that the system works,” Nelson stressed.

Nelson said that the excise tax system that mandates increase in taxes every other year has worked well that is why this is not the time to change. He likewise said that there is no significant underdeclaration in the industry. He said these claims have been unsubstantiated and is totally baseless.

The current law, Republic Act (RA) 9334, is expiring this year and legislators are scrambling for their own House measures seeking to replace the old one. (Republic Act (RA) 9334, December 21, 2004 - an act Increasing the Excise Tax Rates imposed on Alcohol and Tobacco Products, amending for the purpose sections 131,141, 142, 143, 144, 145 and 288 of The National Internal Revenue Code of 1997, as amended

Nelson said it would be better to extend the system for another five to six years instead of completely restructuring it.

Nelson said that the tobacco industry has been flourishing and the gains in the industry are being passed on to tobacco farmers. “The farmers are growing more tobacco. The industry is in good shape.” The number of tobacco farmers has grown by 10 percent last year. There are 43,500 tobacco farmers.

He stressed that tobacco growing is an important trade in the country.

Last year, the industry produced 110 billion sticks and the local leaf growers were only able to supply 35 percent to 40 percent of the demand. The rest are imported. Nelson said this data just proves that the opportunity for local tobacco farmers are great and they need support from both the industry and the government.

Reference: a href="">Philip Morris asks government to keep present cigarette tax system by Ma. Elisa P. Osorio, The Philippine Star, 2/15/2011.

Philippines - some related news briefs:
Philippines - Navotas City clamps down on violators of smoking ban..;
Philippines - former health ministers petition Supreme Court - cigarette packs graphic warnings..;
Quezon City, Philippines - will strictly enforce anti-smoking measures..;
Baguio City, Philippines - “Hundred Percent Smoke-Free City” campaign..;
Philippines - lawmaker proposes bill to use graphic warnings on cigarette packs..;
Philippines - cigarette butts disposal is a major problem in the Philippines..;
Philippines - PMFTC Inc. urges govt to extend existing tobacco tax on products..;
Philippines - remarks at the Asia Pacific Conference on Tobacco or Health..;
Philippines - Commission on Human Rights (CHR) support placing graphic warnings on cigarette packs...;
Philippines - physicians told not to smoke and encourage their patients to quit..;
Philippines - Coloocan City smoking strictly prohibited in all public area..:
Philippines - anti-smoking group files case to push for graphic warnings on cigarette packs..;
Philippines - bill would require 75% of locally-grown tobacco in cigarettes..;
Philippines - lawmaker files bill to make cigarette-makers share in the health costs of smoking..;
Philippines - House of Representatives turns down proposal to hke tax on cigarettes by 400%..;
Philippines - PMI warehouse opens - former smokers that no longer have a voice are upset..;
Philippines - injunction regarding picture health warnings on cigarette packs nationwide..;
Philippines - more and more women dying of lung cancer..;
Philippines - tobacco companies don't want warnings on cigarette packs..;
Philippines - President Aquino has stated he will prioritize increase in the tax on cigarettes..;
Philippines - DOH pushing for hefty tax increase on cigarettes..;
Philippines - Muslim council says smoking is forbidden..;
Philippines - PMFTC has 90% of the tobacco market..;
Philippines - Philip Morris report sales higher than annual 2-3% growth..;
Philippines - National Tobacco Assoc. will oppose any move to reduce demand for tobacco unless govt..;
Philippines - tobacco industry has obtained temporary relief from placing graphic warnings on cigarette packs..;
Philippines - govt agencies and employees barred from unnessary interaction with tobacco industry..;
Philippines - Filipino Muslims forbidden to smoke, trade cigarettes..;
Philippine congress proclaims Aquino 15th president..;
Philippines - tobacco firms claim graphic warnings on cigarette packs are illegal..;
Philippines - new president smokes but this should not slow tobacco prevention activities..:
Philippines - Department of Health wants health warnings on cigarette packs within 90 days..;
Philippines - health groups want more protection from the dangers of tobacco..;
Philippines - DOH warns government agencies to avoid partnerships or accepting donations from tobacco manufacturers..;
Philip Morris Philippines..;
Philippines - DoH pushes for picture warnings on cigarette packs..;
Philippines - PMI - FTC merger may lead smokers continuing to smoke and lure children into a life of nicotine addiction..;
Philippines - PMI and Fortune Tobacco Corp. form new company called PMFTC..;
Philippines - Tanauan City names street Philip Morris..;
Philippines - DOH campaign for 100% smoke-free workplaces..;
Philippines - total tobacco industry could be down 10% to 15% this year..;
Philippines - 2003 ban on advertising and skirting the ban..;
Philippines - June is annually observed as 'No Smoking' Month..;
Philippines may be losing the war against smoking..;;
Philip Morris won't postpone Philippines Eraserheads Concert..;
Philip Morris could be criminally liable for its sponsorship of the event .in the Philippines..;
STOP PMI Sponsoring Concert in Philippines..;
Philippines - Smoker to be deported...



June 13, 2017 at 8:54 PM

VaporFi is the highest quality electronic cigarettes provider.