LEGAZPI CITY— The House of Representatives’s ways and means comittee has approved House Bill 4575 which seeks to increase the tax imposed on cigarettes, Albay 2nd District Representative Joey Salceda said Thursday. Salceda, the author of the bill, said that if the bill becomes law, the tax on cigarettes will be raised to P35 per pack starting this year. Salceda said that by 2020, the tax on cigarettes will have been raised to P40 per pack, which will result in a P16-billion revenue for the government. By 2021, the tax for every pack of cigarettes will be P41.50. By 2022, the tax will be increased to P45 per pack, and this is expected to contribute P32 billion in government revenues.

Source: Philippine Daily Inquirer November 29, 2018 13:47 UTC