Mighty doubts cigar stamp tax

Bulacan-based Mighty Corp. is lukewarm on the implementation of stamp tax on cigarettes that seeks to address the tobacco industry’s problem on illicit trade. Oscar P. Barrientos, Mighty executive vice-president, said the Internal Revenue Stamps Integrated System (IRSIS) project may not prosper in capturing illicit cigarette trade in the country like what happened in the 1980s. According to …

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