A Thai appeal court on Tuesday ordered a reduction to a US$4 million fine imposed on tobacco giant Philip Morris for evading tax on cigarettes imported from Indonesia.
The Court of Appeal on Tuesday ordered a reduction to a 130-million-baht fine imposed on the tobacco giant Philip Morris for evading tax on cigarettes imported from Indonesia.
The Appeal Court this week lowered a fine slapped on Philip Morris (Thailand) Ltd from 1.2 billion baht to 121 million baht for customs violations regarding cigarette imports from the Philippines.
The Philippines told Thailand it will assert its right for retaliation over a decade-long cigarette taxation dispute to ensure that the rules based trading system of the World Trade Organization is respected and enforced as it deliberates on the list of 146 tariff lines such as rice, motor vehicles,