BIR lowers floor price for cigarettes, tobacco
THE Bureau of Internal Revenue (BIR) said it has lowered the floor prices for cigarettes and tobacco products, citing lower production costs. The updated floor prices were based on current manufacturing costs as well as taxes, BIR Assistant Commissioner Jethro M. Sabariaga said via Viber. “So, if the floor price based on latest issuance is […]
Tomas Kauer 
THE Bureau of Internal Revenue (BIR) said it has lowered the floor prices for cigarettes and tobacco products, citing lower production costs. The updated floor prices were based on current manufacturing costs as well as taxes, BIR Assistant Commissioner Jethro M. Sabariaga said via Viber. “So, if the floor price based on latest issuance is […]
