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BIR expects tax stamps to raise revenues

The Bureau of Internal Revenue (BIR) expects an increase in revenue collections from the so-called “sin” products following the implementation of the tax stamps on cigarettes. On the sidelines of the bureau’s anniversary, BIR Commissioner Kim S. Jacinto-Henares said that the implementation of Internal Revenue Stamps Integrated System (IRSIS) project should capture illicit cigarette trade […]

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