No selling of tobacco products below floor prices

Inquirer file photo

MANILA, Philippines — The Bureau of Internal Revenue (BIR) has warned sellers of cigarettes, vapor and heated tobacco products that selling these products below revised minimum prices is a criminal offense.

Violators face a fine of at least 10 times the amount of the unpaid taxes and imprisonment for six years.

READ: Four-month tax take from tobacco products drops by P6.6B

The BIR has issued updated floor prices for these items with cigarettes priced at P78.58 per pack, or P785.80 for each ream, compared to the previous P114.60 per pack and P1,146 for each ream.

For heated tobacco products, the price was P60.11 per pack, from P120.40.

Vapor products with nicotine salt can be bought at P180.67 (from P200) per pod and P679.12 per bottle.

Only conventional “freebase” was more expensive in the updated price list at P181.72 for a 10-milliliter bottle from P179.20. —Mariedel Irish U. Catilogo