BIR holds destruction of illegal vape products across the country
Summary
The Bureau of Internal Revenue (BIR) conducted a nationwide destruction of illegal vape products amounting to over P1.4 billion in unpaid taxes. BIR Chairman Charlito Mendoza announced the destruction of approximately 450,000 vape products that had not been properly taxed, emphasizing that excise taxes are intended to regulate consumption, particularly among youth, and fund public services. Mendoza stated that sellers of illegal vapes disregard safety regulations to maximize profits, making these products cheaper and more accessible to vulnerable populations. The BIR is intensifying enforcement efforts, collaborating with the Department of Environment and Natural Resources, and urging the public to report non-compliant distributors and avoid purchasing vapes without excise tax stamps.
(Source:Inquirer)