7 months Angara endorses increase in excise tax for tobacco products MB
By Hannah Torregoza  Senator Juan Edgardo “Sonny” Angara on Monday formally endorsed the measure increasing the excise tax on tobacco products, recommending a staggered increase for the next four years. Sen. Sonny Angara(Facebook / MANILA BULLETIN) At least 11 senators have signed the committee report for Senate Bill No. 2233 his panel routed last week. The draft report recommends a gradual starting rate of P45 in 2020 or an increase of P10 in the first year of implementation. This will be followed by a series of annual P5 increases, until the rate reaches P60 in 2023. Angara said that in ... more