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Government-set minimum heated tobacco price updated…

Written by TobaccoIntelligence || 9th May 2023 || Alerts | Heated tobacco | Tax | Geographies: Asia Philippines

Philippines: The Bureau of Internal Revenue has updated price controls on heated tobacco products. A pack of 20 sticks now has a floor price of PHP120.40 ($2.16), taking into account excise duty, VAT and reasonable production costs. ...

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