House Bill Proposes Retention of Two-Tiered Sin Tax on Cigarettes

The House of Representatives is railroading a bill aimed at retaining the two-tiered excise tax system on cigarettes, even as the Sin Tax Reform Law mandated a shift to a unitary rate next year. Under existing law, tobacco products will be slapped a unitary rate of P30 per pack starting Jan. 1, 2017, replacing a two-tiered system wherein lower-priced cigarettes were taxed P25 while those priced higher were slapped P29. The bill proposes…

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