IKOT.PH
Increase taxes on vices so that we can reduce taxes on essentials like petroleum products. This was suggested by House Deputy Speaker Bienvenido “Benny” Abante, Jr., who on Thursday proposed raising the excise taxes on tobacco and alcoholic beverages––commonly referred to as “sin” taxes––to offset the losses from reducing the excise taxes on fuel. The […]
The House of Representatives has ratified the bicameral conference committee report on a bill seeking to raise the excise tax rates on alcohol products as well as heated tobacco and vapor products in the country. The proposal seeks to amend the Republic Act No. 8424 or the “National Internal Revenue Code of 1997.” This is […]
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 […]
In the wake of the multi-million peso “ghost dialysis” scam that rocked the Philippine Health Insurance Company (PhilHealth) Senator Dick Gordon said he is looking into the possibility of amending laws to prevent similar health scams from being perpetrated in the future. Gordon expressed apprehension that the Universal Health Care which will be funded from […]
The House of Representatives approved on second reading a measure providing mandatory Philippine Health Insurance Corp. (PhilHealth) coverage for persons with disabilities (PWDs). Members of the lower chamber passed by viva voce House Bill No. 8014, which mandates that all PWDs shall be automatically covered under the National Health Insurance Program (NHIP). The funds shall […]