Economy
Philippines Eyes Vape Tax Reform for Revenue Boost and Illicit Trade Curb
Philippine lawmakers are considering reforms to the excise tax structure for vapor products to offset revenue losses from proposed income tax cuts. Industry stakeholders are advocating for risk-based taxation and a unified rate, warning that excessively high taxes could fuel illicit trade.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Philippines Accelerates Infrastructure Fund Release to Boost Growth Amid Anti-Corruption Drive
The Philippine government is accelerating the release of funds for infrastructure projects to support economic growth while deterring corruption. The Department of Budget and Management is leading efforts to ensure rapid allocation of funds to appropriate projects.