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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 212186 [Title] => Philip Morris Phils urges uniform tax on cigarettes [Summary] => Philip Morris Philippines Inc. (PMPI) , maker of high-end cigarette brands, is urging Congress to revise the excise tax on cigarettes from the current four-tier system to a single or uniform taxation.
Chris Nelson, managing director of PMPI, said the revision will not only correct existing price gaps but will also provide a more level playing field among competitors in the industry.
Under the current taxation scheme, price ranges between P1.25 per pack for low-end brands to about P13.44 per pack for high-end brands.
[DatePublished] => 2003-07-02 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
TIERS
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 212186 [Title] => Philip Morris Phils urges uniform tax on cigarettes [Summary] => Philip Morris Philippines Inc. (PMPI) , maker of high-end cigarette brands, is urging Congress to revise the excise tax on cigarettes from the current four-tier system to a single or uniform taxation.
Chris Nelson, managing director of PMPI, said the revision will not only correct existing price gaps but will also provide a more level playing field among competitors in the industry.
Under the current taxation scheme, price ranges between P1.25 per pack for low-end brands to about P13.44 per pack for high-end brands.
[DatePublished] => 2003-07-02 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1704647 [AuthorName] => Rocel Felix [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Rocel Felix | July 2, 2003 - 12:00am
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President Ferdinand Marcos Jr. on Monday signed a new law that streamlines tax incentives for businesses in the Philippines, including the taxation of companies in special economic zones.
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During the conference, Finance Secretary Ralph Recto emphasized the importance of a business environment that supports consistent progress.
5 days ago
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