Philip Morris fined B130m for tax-dodging - News Summed Up

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Philip Morris fined B130m for tax-dodging


Philip Morris (Thailand) Limited (PMTL) says it will appeal a Criminal Court ruling that it wrongly declared the price of cigarettes imported from Indonesia between 2002 and 2003. Philip Morris International Inc, PMTL’s parent, is neither a party to the case nor liable for the fine. The Criminal Court last year fined the company 1.2 billion baht for evading taxes on cigarettes imported from the Philippines between 2003 and 2006. According to the Office of the Attorney-General (OAG), PMTL declared L&M cigarettes imported from the Philippines at 5.88 baht per pack, while other importers declared a price of 16.81 baht. The company also declared the cost, insurance and freight for Marlboro cigarettes imported from the Philippines at 7.76 baht per pack, far lower than the 27.46 baht reported by other importers.


Source: Bangkok Post March 20, 2020 14:15 UTC



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