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Duty Free Philippines counts cost of sin taxDuty Free Philippines counts cost of sin tax
Gavin Lipsith
15-May-2006
Duty Free Philippines (DFP) has recorded a 15% fall in volume and value sales of cigarettes since the Filipino government passed legislation subjecting tobacco goods sold in duty-free stores to excise duties in January 2005
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The move came as part of broad "sin tax" regulations designed to increase government revenues, and has increased the retail price of a carton of cigarettes at DFP's stores by
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(21-Dec-2004) - Colombo Management Holdings believes the passage of legislation imposing excise tax on duty-free liquor and tobacco will severely damage liquor sales at Duty Free Philippines from late January
(12-May-2006) - The state-owned retailer is discussing an amendment to exclude duty-free liquor and tobacco from a bill subjecting the products to excise duties.
(12-Jan-2006) - The excise tax on "duty-free" liquor and tobacco now applies in the country's ports and free zones
(15-Jan-2005) - By Gavin Lipsith Retail News Editor
(1-Oct-2006) - State-owned retailer Duty Free Philippines (DFP) is preparing to launch a campaign to abolish the "sin tax" imposed on liquor and tobacco products sold in its duty-free stores, DFNI can reveal
