House panel okays bill seeking to raise tax on cigarettes

Published by rudy Date posted on November 29, 2018

by Michael B. Jaucian, Philippine Daily Inquirer, Nov 29, 2018

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.

This is expected to be raised further to P37.50 per pack in 2019 and is expected to contribute an additional P8 billion revenue to the government.

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. The government is expecting to bring in P23 billion in revenues by then.

By 2022, the tax will be increased to P45 per pack, and this is expected to contribute P32 billion in government revenues. /ee

Sept 5 – Oct 5
National Teachers Month

“Pay teachers decent wages,
Pay attention to teachers!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.

Accept National Unity Government (NUG)
of Myanmar.  Reject Military!

#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

September


Monthly Observances:

Health, Safety, and Sanitation Month
Clean-up Month
Civil Service Month

National Peace Consciousness Month

Social Security Month

Rule of Law Month

National Teachers’ Month (Sept 5-Oct 5)

 

Weekly Observances:

Sept 17 – 23:

World Clean and Green Week

Week 2: Education Week

Week 4: Medicine Week

Last Week: Family Week


Daily Observances:

Third Saturday: International Coastal Clean-up Day

Third Monday: World Health Day

Last Friday: National Maritime Day

Sept 8: National Literacy Day

Sept 15: Philippine Medicine Day

Categories

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.