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Posts Tagged ‘Department of Finance’

Healthcare funding gap to get bigger if no sin tax increase —DOF

Posted on Saturday, 18 May 2019 03:44 AM | No Comments
The Department of Finance (DOF) said there will be a funding gap of P62 billion for the recently passed Universal Health Care (UHC) if Congress will not increase sin taxes...

Yosi Kadiri is back for gov’t campaign to increase sin tax on tobacco

Posted on Friday, 17 May 2019 12:29 PM | No Comments
The Department of Finance (DOF) and the Department of Health (DOH) have revived Yosi Kadiri for their campaign to increase sin taxes on tobacco. Increasing taxes on tobacco will further...

Proposed excise tax on petroleum products face repeated opposition in Senate

Posted on Friday, 11 August 2017 10:40 AM | No Comments
MANILA, Philippines — Some lawmakers are still unconvinced with the controversial excise tax on petroleum products provision of the administration’s proposed Tax Reform Acceleration and Inclusion Bill. They insist that...

Passage of Increased Automobile Tax may result in mass lay-offs in car industry – CAMPI

Posted on Thursday, 3 August 2017 12:06 PM | No Comments
  MANILA, Philippines — The automobile industry argues that the proposed increase in taxes on vehicles being pushed by the Duterte administration will result in the price increase of vehicles...

Lawmaker questions non-implementation of tax stamps on alcoholic beverages

Posted on Wednesday, 12 July 2017 03:39 PM | No Comments
    MANILA, Philippines — Five years since Sin Tax Reform was passed into law, the Bureau of Internal Revenue (BIR) is still not placing tax stamps on bottles of...

Sugar tax on beverages seen to reduce cases of obesity and diabetes in the country

Posted on Friday, 16 June 2017 10:19 AM | No Comments
MANILA, Philippines — About 40 to 47 billion pesos is expected to be added to the National Treasury if the proposed tax on sugar-sweetened beverages will be passed as part...