Credit to Author: Mayvelin U. Caraballo, TMT| Date: Tue, 25 Feb 2020 16:53:10 +0000
EXCISE tax payments of cigarette manufacturers rose last year, accounting for more than half of the government’s total sin tax collections, data from the Department of Finance (DoF) showed. The Bureau of Internal Revenue (BIR) collected P147.5 billion in ‘sin’ taxes from cigarette products in 2019, up 8 percent from the P136.5 billion collected a […]
Read moreCredit to Author: The Manila Times| Date: Tue, 17 Dec 2019 01:15:17 +0000
THE Senate on Monday night approved on third reading the “Sin Tax Bill” or an act increasing excise tax imposed on alcohol, tobacco, and vapor products. Twenty senators voted in the affirmative, none voted in the negative or abstained against SB 1074, which was a substitute for SB 383 and 987. Senators Emmanuel “Manny”Pacquiao and Pilar Juliana “Pia”Cayetano authored […]
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Credit to Author: besguerra| Date: Tue, 26 Feb 2019 21:34:12 +0000
The Philippine Health Insurance Corp. (PhilHealth) on Tuesday said higher taxes on so-called sin products were needed for people to fully enjoy the benefits of the newly signed universal health care (UHC) law which needed P22 billion more in funding.
The post PhilHealth pushes for higher sin taxes appeared first on Inquirer News.
Read moreCredit to Author: lalos| Date: Thu, 21 Feb 2019 23:06:54 +0000
Health Secretary Francisco Duque III on Thursday called on Congress to raise the excise on tobacco and alcohol to finance the implementation of a newly signed law giving all Filipinos access to health care services.
The post DOH chief seeks higher sin taxes to fund new health care law appeared first on Inquirer News.
Read moreCredit to Author: ggaviola| Date: Thu, 21 Feb 2019 09:49:04 +0000
The excise taxes on cigarettes and alcoholic beverages as well PhilHealth premiums can help sustain funds for the Universal Health Care program until 2027, a PhilHealth official said Thursday.
The post ‘Sin taxes’, PhilHealth contributions to boost Universal Health Care program appeared first on Inquirer News.
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Credit to Author: mfrialde| Date: Thu, 10 Jan 2019 08:52:50 +0000
MANILA, Philippines — Senator JV Ejercito welcomed the approval of President Rodrigo Duterte on the proposal to raise excise tax on alcohol and tobacco products, saying it would allow the “sustainable implementation” of the universal healthcare bill (UHC).
The post Duterte’s OK on tax hikes on alcohol, tobacco can benefit UHC – JV Ejercito appeared first on Inquirer News.
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Credit to Author: eestopace| Date: Tue, 08 Jan 2019 13:37:24 +0000
After expressing support to the proposal to increase excise taxes on tobacco and alcohol products, President Duterte warned the public aboutP the danger of smoking.
The post After backing higher sin taxes, Duterte warns danger of smoking appeared first on Inquirer News.
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