4 months More ‘sin’ taxes to raise P33B for govt – DoF Manilatimes |Biz
ADDITIONAL “sin” taxes under the proposed Package 2 Plus B of the government’s Comprehensive Tax Reform Program (CTRP) could add P36.54 billion to state revenues in its first year of implementation, the Department of Finance (DoF) said.
Finance Assistant Secretary Antonio Joselito LambinoPackage 2 Plus B proposes to further increase excise taxes on alcohol, electronic cigarettes (e-cigarettes) and vapor products to provide more funds for the government’s Universal Health Care program. Preliminary estimates provided by Finance Assistant Secretary Antonio Joselito Lambino 2nd on Sunday night showed that of the total, P24.7 billion would come from the higher excise tax ... more