IKOT.PH
Department of Trade and Industry (DTI) Secretary Ramon Lopez said the supply and demand situation for alcohol and face masks has already stabilized. In an interview on ANC recently, Lopez said there are now available supplies of alcohol in drugstores and supermarkets while retailers can already increase the number of face masks that can be […]
The Senate has ratified the bicameral conference committee report on the measure that will tax electronic cigarettes and raise excise taxes on alcohol, which is expected to give the government an additional P24.9 billion in revenues. The bicameral conference committee earlier reconciled Senate Bill No. 1074 and House Bill No. House Bill No. 1026. Distilled spirits, fermented […]
The bicameral (bicam) conference committee approved the proposed measure seeking to increase taxes on alcoholic drinks, heated tobacco products, and vapor cigarettes. In an interview after the bicam meeting, Senator Pia Cayetano and Albay Rep. Joey Salceda said the reconciled version of Senate Bill No. 1074 and House Bill No. 1026 is expected to give […]
A right balancing system is essential in the plan to increase the taxes on alcohol and tobacco products, Senator Dick Gordon has said. During the interpellation for Senate Bill No. 1074 or the Sin Tax Reform Bill sponsored by Senator Pia Cayetano, chair of the Senate Ways and Means Committee, Gordon pointed out that while […]
The House of Representatives approved on third and final reading the bill proposing to increase the excise tax on alcohol and heated tobacco and vapor products. House Bill 1026 was approved with 184 affirmative votes, two negative votes and one abstention, making it the first bill to be approved by the House in the 18th Congress. […]