Philippines’ Vape Stamps, and Strong Enforcement, Bearing Fruit

According to Tobacco Reporter, the Philippines Bureau of Internal Revenue (BIR) has reported collections of PHP 942 million ($17 million) in excise taxes, on 130 million millilitres of vape products, in the six months since its vape stamp system was introduced (1 June 2024). In 2023, those numbers were only PHP 224 million ($4 million) on 11.2 million millilitres, for the entire year.