MANILA, Philippines — The Senate last night approved the proposal to increase the excise taxes on tobacco products, a measure President Duterte certified as urgent. If signed into law, it would be the eighth time tobacco taxes were adjusted since 2012. The inclusion of heated tobacco products and vapor products was not part of the deliberations of the Senate committee on ways and means on the bill. The bill also mandated the placement of text and graphic warnings on the heated tobacco and vapor products. The new taxes on tobacco products is expected to contribute at least half of the funding gap of P62 billion.

Source: Philippine Star June 03, 2019 16:03 UTC