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Protecting sin tax gains

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Elated by the success of their hard-won campaign to overhaul the country’s excise tax system, civil society groups are now shifting gear from raising taxes on so-called “sin products” to ensuring proper collection and preventing tax evasion, particularly on cigarettes.

Posted: July 2nd, 2014 in Columnists,Featured Columns,Inquirer Columns | Read More »

Customs pessimistic on meeting ’13 target

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customs

The Bureau of Customs (BOC), which fell short of its first-semester collection target by more than P18 billion, has indicated that the shortfall could persist in the second semester. Customs Deputy Commissioner Peter Manzano said there was a chance the target set for the second half of the year might be unrealistic because of a […]

Posted: August 20th, 2013 in Editor's Pick,Headlines | Read More »

PAL gets P2.1M tax refund for in-flight booze

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INQUIRER FILE PHOTO

The Court of Tax Appeals (CTA) has ordered the Bureau of Internal Revenue and the Bureau of Customs (BOC) to refund Philippine Airlines P2.1 million in excise taxes it had paid in 2008.

Posted: February 8th, 2013 in Latest Business Stories | Read More »

BIR issues new tobacco, alcohol excise tax rates

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Smokers who patronize lower-priced cigarette brands will have to pay more to get their fix starting next week as the Bureau of Internal Revenue has issued new rules on the implementation of revised excise tax rates under the sin tax reform law.

Posted: December 28th, 2012 in Editor's Pick,Headlines | Read More »

Smuggling no reason to stop raising ‘sin’ taxes, says lawmaker

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Minority leader Danilo Suarez. INQUIRER.net FILE PHOTO

Concerns about the entry of smugglers should not deter efforts to raise excise taxes on the so-called sin products, such as cigarettes and alcoholic beverages, according to lawmakers.

Posted: October 17th, 2012 in Latest Business Stories | Read More »

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