Ilang vape shops, apektado sa paghihigpit ng DTI sa paglalagay ng tax stamps sa vape products
Ilang vape shops, apektado sa paghihigpit ng DTI sa paglalagay ng tax stamps sa vape products
For more news, visit:
►https://www.ptvnews.ph/
Subscribe to our DailyMotion Channel:
►http://www.dailymotion.com/peoples-television-incorporated
Subscribe to our YouTube channel:
►http://www.youtube.com/ptvphilippines
Like our Facebook pages:
►PTV: http://facebook.com/PTVph
►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas
Follow us on Twitter:
►http://twitter.com/PTVph
Follow us on Instagram:
►https://www.instagram.com/ptvph
Watch our livestream on:
►http://ptvnews.ph/livestream/
►https://www.dailymotion.com/PTVPhilippines
Watch our News Programs, every Mondays to Fridays
Rise and Shine Pilipinas - 6:00 - 8:00 am
Bagong Pilipinas Ngayon - 12:00 - 1:00 pm
Sentro Balita - 1:00 pm - 2:00 pm
Ulat Bayan - 6:00 pm - 7:00 pm
PTV News Tonight - 9:30 pm - 10:30 pm
Saturday & Sunday:
►Ulat Bayan Weekend - 6:15 pm - 7:00 pm
For more news, visit:
►https://www.ptvnews.ph/
Subscribe to our DailyMotion Channel:
►http://www.dailymotion.com/peoples-television-incorporated
Subscribe to our YouTube channel:
►http://www.youtube.com/ptvphilippines
Like our Facebook pages:
►PTV: http://facebook.com/PTVph
►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas
Follow us on Twitter:
►http://twitter.com/PTVph
Follow us on Instagram:
►https://www.instagram.com/ptvph
Watch our livestream on:
►http://ptvnews.ph/livestream/
►https://www.dailymotion.com/PTVPhilippines
Watch our News Programs, every Mondays to Fridays
Rise and Shine Pilipinas - 6:00 - 8:00 am
Bagong Pilipinas Ngayon - 12:00 - 1:00 pm
Sentro Balita - 1:00 pm - 2:00 pm
Ulat Bayan - 6:00 pm - 7:00 pm
PTV News Tonight - 9:30 pm - 10:30 pm
Saturday & Sunday:
►Ulat Bayan Weekend - 6:15 pm - 7:00 pm
Category
🗞
NewsTranscript
00:00Some vape shops were affected after the Department of Trade and Industry was stopped from placing tax stamps on vape products.
00:08This is what Vell Custodio reported.
00:13Vape shop businesses were affected by the Department of Trade and Industry's stoppage of placing tax stamps on vape products.
00:21This vape shop is now in danger of closing down because they are selling only two vape brands that have tax stamps.
00:28It's really hard to sell now. It's like it's about to close.
00:34The display in this vape shop is almost empty.
00:37Since DTI confiscated some disposable big vape brands like Flava, their sales have declined.
00:45Sales are really declining now because we can only sell a limited number of products.
00:53That's where it all started because we have a lot of disposable vape brands that don't even have a permit.
01:02Some manufacturers, importers, distributors, and retailers of vape products were forced to lower their formal charges.
01:09These include Snoplus, Instabar, Dencat, Geekbar, Vape Gin, Wave, Boss, Devox Bar, and Uzok.
01:17The so-called vape brands were lowered in Section 4 of the No Tax Stamp under Republic Act No. 11900
01:25or Vaporized Nicotine and Non-Nicotine Products Regulation Act.
01:28Although the selection of vape products is now limited,
01:32it is still a favor for the vape user.
01:34The government will restrict the use of unauthorized documents in the sale of vape products.
01:39I think the vaping smokers in the EOC were removed because vaping is just a smoke in the EOC.
01:46It's just a vape because it's also a paradise for others because there are people who do vaping just to avoid getting sick.
01:57It's really painful because what they are using is cheap but it's painful.
02:02The last two million pesos for the first offender will go to the police.
02:08Four million pesos for the second offender and five million pesos fine for the third time offender
02:13and the cancellation of business permit and licenses.
02:16If we go back, the BIR ordered the placement of internal revenue stamps on all vape products
02:23based on Revenue Circular Order 59-2024 which became effective since June 1.
02:29The absence of internal revenue stamp means that the excise tax will not be paid
02:34and the BIR may confiscate the vape products for tax evasion cases.
02:39The Philippine Standard License is also suspending imported vape brands
02:43while the investigation of alleged smuggling continues.
02:46Vel Custodio for Pambansang TV in Bagong, Philippines.