Yearend Report House passes more than 400 bills in 2018 2 SHARES Share it! These include House Bill 8645 or proposed Passive Income and Financial Intermediary Taxation Act,which is the fourth package of the CTRP. Excise tax on tobacco, alcohol productsThe House also approved bills seeking to increase the excise tax on tobacco and alcohol products. House Bill 8618, which was passed on third and final reading, will raise excise tax on alcohol products by P6.60. Mineral agreementsThe House also approved House Bill 8400 which seeks to rationalize and institute a single fiscal regime applicable to all mineral agreements.

Source: Manila Bulletin December 22, 2018 11:26 UTC