Group decries planned hike in tax stamps cost

Mar 30, 2021 12:19 am

Trade association Philippine Tobacco Institute (PTI) has denounced the planned increase in the printing cost of cigarette tax stamps.

PTI is pertaining to the plan of APO Production Unit Inc. (APO) to raise the printing cost of cigarette tax stamps from the current 15 centavos to 23 centavos that would effectively widen the state-owned firm’s income to 102 percent.

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