By Conrado Banal
There is a call in Congress for a review of the “sin tax” law, or RA 10351, imposed on cigarettes and liquor, signed into law by our dear leader Benigno Simeon (aka BS) in December 2012, in effect for just about a year now.
By the staff
Iconic heavyweight motorcycles from Harley Davidson may soon be rumbling out of the first showroom in the Philippines on Edsa. Construction of the showroom near the Mercedes Benz and Chrysler dealerships in Greenhills is under way and the Harley Davidson home in the Philippines is tentatively scheduled to open to the public on March 2.
By Riza T. Olchondra
The Philippines started the new year with a slightly higher inflation due to an increase in food and power prices and the implementation of the “sin tax” law.
By Delfin T. Mallari Jr.
With the increase in prices of liquor in the market following the passage of Republic Act No. 10351 or the Sin Tax Law, a “lambanog” producer expects a rise in sales of coconut-based liquor.
A group of manufacturers of alcoholic beverages has asked the courts to stop the Department of Finance and Bureau of Internal Revenue from implementing a new regulation that purportedly taxes both raw materials and the finished product, resulting in double taxation.