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…

Subscribe via email for complete access to Supreme Consult’s weekly report on political and investment risks in the Philippines.

Advertisements