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                    [ArticleID] => 393719
                    [Title] => RP loses P13B/year in revenues on smuggling of ‘sin’ products
                    [Summary] => 





A recent study reveals that at least P13.2 billion worth of revenues a year is lost to technical smuggling of so-called ‘sin’ products such as cigarettes and alcohol.


Commissioned by the Department of Finance, the study shows that foregone revenues from technical smuggling of sin products reached P52 billion from 2000 to 2005.


According to the study, the revenue losses consisted of about P2.8 billion in tariff losses, P36.9 billion in excise tax losses and P11.1 billion in value-added tax losses.


                    [DatePublished] => 2007-04-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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BRAZIL AND MALAWI

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                    [ArticleID] => 393719
                    [Title] => RP loses P13B/year in revenues on smuggling of ‘sin’ products
                    [Summary] => 





A recent study reveals that at least P13.2 billion worth of revenues a year is lost to technical smuggling of so-called ‘sin’ products such as cigarettes and alcohol.


Commissioned by the Department of Finance, the study shows that foregone revenues from technical smuggling of sin products reached P52 billion from 2000 to 2005.


According to the study, the revenue losses consisted of about P2.8 billion in tariff losses, P36.9 billion in excise tax losses and P11.1 billion in value-added tax losses.


                    [DatePublished] => 2007-04-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

RP loses P13B/year in revenues on smuggling of ‘sin’ products

By Des Ferriols | April 10, 2007 - 12:00am

A recent study reveals that at least P13.2 billion worth of revenues a year is lost to technical smuggling of so-called ‘sin’...

Business