Senators sign bill on higher excise tax on tobacco 0 SHARES Share it! Share TweetBy Hannah TorregozaA 17-page draft committee report on the bill seeking to further increase excise tax on tobacco products is now being routed for signature among senators. Based on the draft, the tax rates would still be increased by five percent every year starting Jan. 1, 2024. Lacson confirmed he signed the draft copy but “will interpellate.”According to the draft, tax rates would still be increased by 5 percent every year starting January 1, 2024. Senators who filed the bill increasing the excise tax on cigarettes include Gatchalian, Ejercito, and Sen. Manny Pacquiao.

Source: Manila Bulletin May 23, 2019 01:41 UTC