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Exercise tax

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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.

Posted: February 6th, 2014 in Columnists,Inquirer Columns | Read More »

Harley Davidson ready to rumble

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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.

Posted: February 19th, 2013 in Headlines | Read More »

Inflation rate inched up slightly to 3% in January

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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.

Posted: February 5th, 2013 in Headlines | Read More »

With sin tax, ‘lambanog’ maker sees vigorous sales

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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.

Posted: February 2nd, 2013 in Editor's Pick,Headlines,Inquirer Features | Read More »

Liquor makers cry double taxation, sue to stop new rule

HIGHER SIN TAXES  A grocer sells beer, rum and cigarettes to a customer (not shown) in Manila. Malacañang has reiterated its call for the passage of the so-called sin tax bill, saying that based on the proposed law, the government can earn P60 billion a year.  AFP PHOTO Joel NITO

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.

Posted: January 14th, 2013 in Latest Business Stories | Read More »

Liquor makers ask court to halt ‘sin tax’ application

Some of the country’s biggest liquor manufacturers have asked a Manila court to stop the Department of Finance and the Bureau of Internal Revenue from enforcing the so-called Sin Tax Law, which they claim constitutes “double taxation” against local alcohol producers.

Posted: January 10th, 2013 in Headlines | Read More »

Philip Morris: No price hike yet

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A vendor sells cigarettes at a supermarket in Quezon City. AFP FILE PHOTO

Cigarette maker Philip Morris Fortune Tobacco Corp. (PMFTC) on Friday appealed to its distributors and retailers to sell its products at pre-sin tax recommended retail prices, saying it has not yet raised the prices of its cigarette products.

Posted: January 5th, 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 »

An auspicious start for health

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Health-wise, things look good for the coming year. We can’t have a more auspicious start than this. The ‘sin tax’ bill has just been signed into law five days before Christmas, and anytime soon, President Aquino is expected to sign the approved reproductive health (RH) bill into yet another law.

Posted: December 28th, 2012 in Columnists,Featured Columns,Inquirer Columns,Inquirer Features,Science and Health | Read More »

Sin tax law may sway credit firms to upgrade PH

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The enactment into law of the controversial “sin” tax bill may be all that is needed to persuade international rating agencies to immediately upgrade the Philippines’ credit standing to an investment grade.

Posted: November 22nd, 2012 in Headlines | Read More »

Proposed ‘sin tax’ law to help Philippines, DoF says

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The Department of Finance (DoF)-backed reform on the so-called sin taxes would raise the ratio of excise tax to retail prices of tobacco and alcohol to international levels, as recommended by the World Bank.

Posted: February 23rd, 2012 in Latest Business Stories | Read More »

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