^
+ Follow INTERNATIONAL TAX AND INVESTMENT CENTER Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1505299
                    [Title] => Illicit cigarette trade still rampant in the Philippines, makes up a fifth of total sales
                    [Summary] => 

Illicit cigarette consumption in the Philippines remains sizable with 19 billion cigarettes consumed in 2014, accounting for nearly a fifth of total consumption, according to a recent study by UK-based research group Oxford Economics.

[DatePublished] => 2015-09-29 10:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 1405221 [Title] => Revenue leakage persists due to illegal tobacco trade – Tan [Summary] =>

Revenue leakage continues unabated and will remain high unless illicit tobacco trade and smuggling of products abroad are counteracted immediately.

[DatePublished] => 2014-12-22 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 1395482 [Title] => Sin taxes reach P78.3 B in 9 months [Summary] =>

Excise tax collections from the sale of tobacco and alcohol products continued to outpace the government’s target in the first nine months of the year, according to the latest data released by the Bureau of Internal Revenue.

[DatePublished] => 2014-11-25 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20141125/Tax-1.jpg ) [3] => Array ( [ArticleID] => 1369422 [Title] => All systems go for BIR’s stamp tax project [Summary] =>

Its all systems go for the Bureau of Internal Revenue’s stamp tax project following the approval by the Department of Finance of the proposed revenue regulation mandating the affixture of stamps on all imported and locally made cigarettes.

[DatePublished] => 2014-09-16 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => http://media.philstar.com/images/the-philippine-star/headlines/20140808/BIR-6.jpg ) [4] => Array ( [ArticleID] => 1340541 [Title] => Group offers to help gov’t inspect tobacco firms’ facilities [Summary] =>

FCTC Alliance of the Philippines, a civil society group that supported the passage of the sin tax reform law,  is willing to assist the government in conducting inspections of tobacco firms’ facilities to determine their compliance with regulations.

[DatePublished] => 2014-06-30 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 1336447 [Title] => Complacent [Summary] =>

Last month, the BIR again missed its collection target — as the agency has done consistently. It shouldn’t be news; but it is.

[DatePublished] => 2014-06-19 00:00:00 [ColumnID] => 134157 [Focus] => 0 [AuthorID] => 1804783 [AuthorName] => Alex Magno [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) [6] => Array ( [ArticleID] => 1332934 [Title] => LT Group banks on other units for growth [Summary] =>

LT Group Inc., the investment holding firm of tycoon Lucio Tan, remains wary of the illicit cigarette trade that cut into its market share but other operating units are poised for growth amid a strong economy company officials said yesterday.

[DatePublished] => 2014-06-10 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1538806 [AuthorName] => Neil Jerome C. Morales [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 857261 [Title] => Experts nagbabala sa high 'sin tax' [Summary] =>

Nagbabala ang mga tax experts na posible umanong lumala ang ilegal sa pangangalakal partikular na ang smuggling at hihina rin ang koleksyon sa buwis kapag ipinilit ng pamahalaan ang paniningil ng mataas na buwis para sa produktong alak at tabako.

[DatePublished] => 2012-10-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096558 [AuthorName] => Butch M. Quejada [SectionName] => Bansa [SectionUrl] => bansa [URL] => ) [8] => Array ( [ArticleID] => 856449 [Title] => Int'l tax expert warns gov't against high taxes [Summary] =>

The chief of the US-based International Tax and Investment Center (ITIC) has warned the Philippine government against high taxes on fast-moving goods like cigarettes, saying this would definitely give rise to illicit trade.

[DatePublished] => 2012-10-06 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 855710 [Title] => Government officials open Asia Pacific Tax Forum [Summary] =>

Senior government officials and industry representatives from the Asia Pacific region yesterday opened the Asia Pacific Tax Forum for its 9th annual meeting.

[DatePublished] => 2012-10-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
INTERNATIONAL TAX AND INVESTMENT CENTER
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1505299
                    [Title] => Illicit cigarette trade still rampant in the Philippines, makes up a fifth of total sales
                    [Summary] => 

Illicit cigarette consumption in the Philippines remains sizable with 19 billion cigarettes consumed in 2014, accounting for nearly a fifth of total consumption, according to a recent study by UK-based research group Oxford Economics.

[DatePublished] => 2015-09-29 10:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 1405221 [Title] => Revenue leakage persists due to illegal tobacco trade – Tan [Summary] =>

Revenue leakage continues unabated and will remain high unless illicit tobacco trade and smuggling of products abroad are counteracted immediately.

[DatePublished] => 2014-12-22 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 1395482 [Title] => Sin taxes reach P78.3 B in 9 months [Summary] =>

Excise tax collections from the sale of tobacco and alcohol products continued to outpace the government’s target in the first nine months of the year, according to the latest data released by the Bureau of Internal Revenue.

[DatePublished] => 2014-11-25 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20141125/Tax-1.jpg ) [3] => Array ( [ArticleID] => 1369422 [Title] => All systems go for BIR’s stamp tax project [Summary] =>

Its all systems go for the Bureau of Internal Revenue’s stamp tax project following the approval by the Department of Finance of the proposed revenue regulation mandating the affixture of stamps on all imported and locally made cigarettes.

[DatePublished] => 2014-09-16 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => http://media.philstar.com/images/the-philippine-star/headlines/20140808/BIR-6.jpg ) [4] => Array ( [ArticleID] => 1340541 [Title] => Group offers to help gov’t inspect tobacco firms’ facilities [Summary] =>

FCTC Alliance of the Philippines, a civil society group that supported the passage of the sin tax reform law,  is willing to assist the government in conducting inspections of tobacco firms’ facilities to determine their compliance with regulations.

[DatePublished] => 2014-06-30 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 1336447 [Title] => Complacent [Summary] =>

Last month, the BIR again missed its collection target — as the agency has done consistently. It shouldn’t be news; but it is.

[DatePublished] => 2014-06-19 00:00:00 [ColumnID] => 134157 [Focus] => 0 [AuthorID] => 1804783 [AuthorName] => Alex Magno [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) [6] => Array ( [ArticleID] => 1332934 [Title] => LT Group banks on other units for growth [Summary] =>

LT Group Inc., the investment holding firm of tycoon Lucio Tan, remains wary of the illicit cigarette trade that cut into its market share but other operating units are poised for growth amid a strong economy company officials said yesterday.

[DatePublished] => 2014-06-10 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1538806 [AuthorName] => Neil Jerome C. Morales [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 857261 [Title] => Experts nagbabala sa high 'sin tax' [Summary] =>

Nagbabala ang mga tax experts na posible umanong lumala ang ilegal sa pangangalakal partikular na ang smuggling at hihina rin ang koleksyon sa buwis kapag ipinilit ng pamahalaan ang paniningil ng mataas na buwis para sa produktong alak at tabako.

[DatePublished] => 2012-10-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096558 [AuthorName] => Butch M. Quejada [SectionName] => Bansa [SectionUrl] => bansa [URL] => ) [8] => Array ( [ArticleID] => 856449 [Title] => Int'l tax expert warns gov't against high taxes [Summary] =>

The chief of the US-based International Tax and Investment Center (ITIC) has warned the Philippine government against high taxes on fast-moving goods like cigarettes, saying this would definitely give rise to illicit trade.

[DatePublished] => 2012-10-06 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 855710 [Title] => Government officials open Asia Pacific Tax Forum [Summary] =>

Senior government officials and industry representatives from the Asia Pacific region yesterday opened the Asia Pacific Tax Forum for its 9th annual meeting.

[DatePublished] => 2012-10-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804708 [AuthorName] => Iris Gonzales [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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