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PMI says: Cigarette stamp tax needs diligence, vigilance

Tobacco giant Philip Morris International (PMI), the foreign partner of the Lucio Tan Group, urged the Bureau of Internal Revenue (BIR) to be diligent and vigilant in auditing the cigarettes’ tax stamps. Jacek Olczak, PMI chief financial officer, said that the implementation of the tax stamp project is just one of the elements in ensuring that cigarette manufacturers will not resort to under …

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