sin-taxes

Year End BIR Report: 25% Collection Growth For Sin Tax

Despite the higher excise taxes imposed, the BIR reported on Tuesday that an impressive 25 percent to P141.8 billion increase was collected for the whole year of 2015 from the so called "sin products." The highest record so far since...
bir tax

BIR Aims For Higher Collection Target In 2016

The Bureau of Internal Revenue, the government's largest revenue collection agency is under pressure for its collection target for 2016 is a whopping P2 trillion, which is 21 percent higher compared to last year's goal of P1.674 trillion. Based on...
soda can

Arguments Against Higher Tax on Sweetened Beverages

Marikina Rep. Romero Quimbo, chairman of house committee on means and ways said that the bill imposing tax on sweetened drinks will be passed in December, before the Christmas break. In a text message he said, "We will approve it...
soda

Higher Taxes On Sweetened Drinks Could Lead To Labor Retrenchment

The ways and means committee of the Lower House has approved on Tuesday the bill seeking to impose P10 excise tax on sweetened drinks. HB 3365 bill was authored by Nueva Ecija Representative Estrelita Suansing and was strongly opposed by beverage manufacturers....