Read this in The Manila Times digital edition.
Excise tax collections of the Bureau of Internal Revenue (B IR) from cigarettes went up by 31 percent to P83 billion in January to July this year from P63 billion a year ago, the Department of Finance (DoF) said.
In a statement on Monday, the DoF said Philip Morris Fortune Tobacco Co. Inc. (PMFTC) remained the top cigarette manufacturer with excise tax payments amounting to P42.04 billion, up by 6.9 percent from P39.3 billion a year ago.
Assistant Secretary Ma. Teresa Habitan