President Duterte supports higher taxes on tobacco and alcohol

President Duterte supports higher taxes on tobacco and alcohol

- President Rodrigo Duterte approved the proposal of imposing higher taxes on alcohol and tobacco

- Presidential Spokesperson Salvador Panelo has confirmed it on Tuesday

- The Palace also said that this is “a key for public health measure”

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The Palace said that President Rodrigo Duterte has approved the proposal of imposing higher taxes on tobacco and alcohol. KAMI learned that Presidential Spokesperson Salvador Panelo said that the President supported the proposal during the 33rd Cabinet meeting on Monday.

“This is a key public health measure to reduce deaths and disabilities due to tobacco and alcohol consumption and, at the same time, a revenue measure to fund the universal health care program,” Panelo said as reported by ABS-CBN News.

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As stated in the Tax Reform for Acceleration and Inclusion Law, the excise tax on tobacco will increase from P35 to P40 on January 1, 2022. After that, it will increase by 4% yearly starting January 1, 2024.

KAMI also reported before that Southeast Asia Tobacco Control Alliance (SEATCA) wants to increase the retail price of cigarettes thrice its current price. This is to further lessen the number of Filipinos using cigarettes at a very young age.

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Source: Kami.com.ph

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