THE American Chamber of Commerce in the Philippines (AmCham) supports President Rodrigo Duterte’s recent initiative against goods bearing counterfeit tax stamps. Since late last year, the media has been publishing reports of tobacco products with fake tax stamps in country, the chamber said. Earlier this month, Philippine authorities raided warehouses and discovered large quantities of cigarettes with fake tax stamps. Using Mobile Verification Devices, agents of the Bureau of Internal Revenue found the tax stamps on cigarette packs were faked. Raids in Cebu and Tacloban also yielder cigarettes with bogus tax stamps.

Source: Manila Times March 15, 2017 17:26 UTC