TWG formed to consolidate bills seeking to increase, restructure excise tax rates on alcohol products 2 SHARES Share it! Share TweetBy Charissa Luci-AtienzaThe House Committee on Ways and Means formed on Tuesday a technical working group (TWG) to consolidate bills seeking to increase and restructure the excise tax rates on alcohol products. Garin authored House Bill 4839 which seeks to increase the excise tax rates on distilled spirits, wines, and fermented liquors. “According to the Bureau of Internal Revenue, 70 percent of the total excise tax collection was collected from tobacco and cigarette products while only 30 percent was collected from alcohol products. This means that tobacco and cigarette products are heavily taxed than that of alcohol products because of the health effects,” she said.

Source: Manila Bulletin October 02, 2018 08:26 UTC