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DoF projects P61.3B in collections from higher sin taxes in 2020

THE DEPARTMENT of Finance (DoF) said that the government may raise an additional P61.3 billion worth of revenue in the second round of increased “sin” taxes proposed under its comprehensive tax reform program.

Second round of sin tax hikes seen to generate P61.3-B revenue...

THE DEPARTMENT of Finance (DoF) said the government may get an additional P61.3 billion revenues in the second round of sin tax hikes proposed...

Unregistered cigarette-making machinery seized in BIR raids

THE BUREAU of Internal Revenue (BIR) has seized unregistered cigarette-making machinery in various locations as part of a broader crackdown on tax evasion in the tobacco industry, the Department of Finance (DoF) said.

LT Group sets around P11 billion capex for 2018

LT Group, Inc. (LTG) plans to spend P10 billion to P11 billion for capital expenditures in 2018, amid expectations of a better year given...

This IS personal: Health advocates share pain of losing loved ones...

HEALTH ADVOCATES known to have lobbied for stronger tobacco control have taken their fight to social media, sharing their personal experience with smoking. Dr....

Mighty’s might

A most disturbing development that will affect revenue collection and even the credibility of the tax reform is the Department of Justice’s (DoJ) dismissal...

Tobacco regulator to set floor price this week

THE National Tobacco Administration (NTA) is set to decide new floor prices for tobacco for the next crop season. In a statement on Tuesday, the government...

What should we tax next?

One newspaper report noted that the Finance department was looking into the proposal of an airline company for the government to remove the travel...

EU court upholds new tobacco laws on packaging, menthol cigarettes

LUXEMBOURG — The European Union’s (EU) top court on Wednesday, ruled that the bloc’s new laws on plain tobacco packaging and a ban on...

India court tells tobacco industry to adopt strict warnings

NEW DELHI — India’s highest court on Wednesday, ordered cigarette manufacturers to comply with controversial new rules requiring bigger health warnings on packets that...