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Politics

SENATE RATIFIES BILL RAISING E-CIGARETTES, ALCOHOL TAXES

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 […]

Categories
Politics

HOUSE APPROVES BILL RAISING TAXES ON ALCOHOL PRODUCTS, CIGARETTES

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. […]