Effective on Jan. 1, the excise on cigarettes is now P55 per pack, from P50 last year. The annual P5 increase in this tax until it reaches P60 per pack of cigarettes is in accordance with Republic Act No. 11346, or the Tobacco Tax Law of 2019.
Beer products including lager, ale, and porter have an excise of P39 per liter this year, up from P37 last year. The latest estimates of PMFTC Inc., the country’s affiliate of Philip Morris International, show that the sale of smuggled or fake cigarettes grew to 8.6 percent of the market last year compared with about 5.5 percent in 2020.
PhilHealth has actually been receiving the largest subsidy among all government-owned and/or -controlled corporations since 2014.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: