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Gov’t expects P44 billion from ‘sin’ taxes

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AFP FILE PHOTO

Protecting the gains being reaped from the implementation of higher taxes on tobacco and alcohol is now one of the government’s top priorities to make sure the expanded healthcare coverage financed by the additional revenue fund is not scaled back.

Posted: June 24th, 2014 in Editor's Pick,Headlines | Read More »

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 »

BIR’s sin tax collection up 81.5% in 11 months

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The Sin Tax Reform law has been effective in boosting government revenues as the collection of taxes on cigarettes and alcohol in November already exceeded the full-year target, according to the Bureau of Internal Revenue.

Posted: December 20th, 2013 in Headlines | Read More »

Gov’t probes P4.4B in cigarette tax losses

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AFP FILE PHOTO

Blame it on the law of unintended consequences.

Posted: November 2nd, 2013 in Latest Business Stories | Read More »

Cheaper brands keep smokers puffing, data show

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PHOTO FROM MIGHTYCORP.COM.PH

Cigarette consumption in the country fell—but only marginally—in the second quarter from a year ago, with an increase in the production of cheap P1 per stick brands helping demand stay afloat despite a hike in sin taxes.

Posted: September 30th, 2013 in Latest Business Stories | Read More »

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