‘Sin’ taxes seen to boost BIR collection to P1.25T

The Bureau of Internal Revenue aims to collect P102.4 billion in excise taxes this year and boost total revenue collection for the year to P1.25 trillion.

Posted: January 31st, 2013 in Editor's Pick,Headlines | Read More »

Japan Tobacco bucks excise tax reforms

By Ronnel W. Domingo

Like Philip Morris Fortune Tobacco Corp., Japan Tobacco International (Philippines) Inc. is against the proposed reforms in the excise tax system in the Philippines.

Posted: May 28th, 2012 in Headlines | Read More »

Sin tax revenues down sharply in 2011

By Ronnel W. Domingo

Excise tax collection on so-called “sin products” fell by a fifth in 2011 to an estimated P25.4 billion from P31.5 billion the previous year, according to the Department of Finance (DoF).

Posted: May 8th, 2012 in Headlines | Read More »

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