00:00Some vape shops were affected after the Department of Trade and Industry was stopped from placing tax stamps on vape products.
00:09Let's find out the details in the news center of Vell Custodio.
00:15Vape shop businesses were affected after the Department of Trade and Industry was stopped from placing tax stamps on vape products.
00:23This vape shop is now in danger of closing down due to two vape brands being sold with tax stamps.
00:36The display in this vape shop is almost empty.
00:39Since the DTI confiscated some disposable big vape brands like Flava, their sales have declined.
00:54That's where it started because there are a lot of disposable vape brands that don't have a permit.
01:04Some manufacturers, importers, distributors, and retailers of vape products like Snoplus, Instabar, Dencat, Geekbar, Vapegen, Wave, Boss, Nevoxbar, and Uzok were affected.
01:19The so-called vape brands were removed from Section 4 of the No Tax Stamp under Republic Act No. 11900 or Vaporized Nicotine and Non-Nicotine Products Regulation Act.
01:30Although the selection of vape products is now limited, it is still a favor for the vape user.
01:36The government will restrict the use of unauthorized documents in the sale of vape products.
01:41It's like they removed my sponsorship from the IOC.
01:45Because I'm just a smoker in the IOC.
01:48I'm just a vaper.
01:50Because there are people who do begging.
01:55So that they can avoid getting sick.
01:59Some people really get sick.
02:00Because what they use is cheap, but they get sick.
02:04The last 2 million pesos for the first offender will be deducted.
02:104 million pesos for the 2nd offender.
02:12And 5 million pesos fine for the 3rd time offender.
02:15And the business permit and licenses will be cancelled.
02:18If we go back, the BIR ordered the placement of internal revenue stamps on all vape products based on Revenue Circular Order 59-2024, which was effective since June 1.
02:31The absence of internal revenue stamps means that the excise tax will not be paid.
02:35And the BIR may confiscate the vape products for tax evasion.
02:40The Philippine Standard License of Imported Vape Brands also suspended while the investigation of alleged smuggling continues.
02:48Vel Custodio for Pambansang TV in Bagong, Philippines.
