Articles with "tax-reform-package-2-plus"

• 04/12/18

  News & Views

  
  
  

  DOF to urge Congress to pass higher tobacco tax rates to further discourage smoking, raise more healthcare funds

  The Department of Finance (DOF) will “try its best” until the last minute to convince the Congress to impose new “sin” tax rates on tobacco products that will make cigarettes pricey enough to further discourage smoking, especially among teenagers.

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  Comprehensive Tax ReformCTRPTax Reform Package 2 plusUniversal Health Care
• 12/02/18

  News & Views

  
  
  

  DOF cites better collection of tobacco excise taxes with TRAIN

  The year-on-year January 2018 inflation rate of 4 percent, which is still within the target set by the Bangko Sentral ng Pilipinas (BSP), was partly the result of better compliance with the payment of excise taxes on “sin” products, with tobacco inflation recorded at 17.4 percent during the same period even though the expected increase arising from the tax hike for cigarettes was only 8 percent, according to the Department of Finance (DOF).

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  Comprehensive Tax Reform ProgramCTRPTax Reform Package 2 plusUniversal Health Care

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