Economy
BIR Seizes P9 Million in Illicit Cigarettes in Isabela, Raising Tax Revenue Loss Concerns
The Bureau of Internal Revenue (BIR) seized approximately 101,000 packs of suspected illicit cigarettes in Cauayan City, Isabela, valued at P9 million. The confiscated items represent an estimated P83 million in lost excise and value-added taxes, prompting the BIR to warn about the significant impact of the illicit tobacco trade on national revenue.
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