Republic Acts1 min read
Section 7Sec./Art. 7
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Section 263-A of the National Internal Revenue Code of 1997, as amended, is hereby amended to read as follows:
"SEC. 263-A.Selling of Heated TobaccoProducts and Vapor Products at a Price Lower Thanthe Combined Excise and Value-Added Taxes. -Any person who sells heated tobacco products and vapor products at a price lower than the combined excise and value-added taxes shall be punished with a fine of not less than ten (10) times the amount of excise tax plus value-added tax due but not less than Two hundred thousand pesos (P200,000.00) nor more than Five hundred thousand pesos (P500,000.00), and imprisonment of not less than four (4) years but not more than six (6) years."
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