Saturday, September 26, 2020

DOF Exec Hopeful E-Cigarette Tax To Pass Bicam

DOF Exec Hopeful E-Cigarette Tax To Pass Bicam


7 Commandments To Revitalize The Country Safely

Medical experts recommend strict health protocols for public transportation.

Alibaba Cloud Launches New Digital Ecosystem Strategy In The Philippines

This will help local businesses adapt further to the new normal!

EDC Donates PCR Machines To Enhance Negros Oriental’s COVID-19 Resiliency

Energy Development Corporation donates equipment worth P8.5-million to Negros Oriental.

CeMAP, PISI Express Full Support For Bayanihan To Recover As One Act

The Cement Manufacturers Association of the Philippines and Philippine Iron and Steel Institute announce full support to the recently signed Bayanihan to Recover as One Act.

A ranking Department of Finance (DOF) official is optimistic that lawmakers will adopt the proposal to have a PHP45 excise tax on electronic cigarette (e-cigarette) to fund the universal health care (UHC) program.

This after Albay Rep. Joey Salceda, who chairs the Ways and Means Committee, expressed willingness to support the proposal due to rising health-related cases reportedly caused by e-cigarettes.

Asked for his outlook whether their proposed excise tax rate on vapor products will not be reduced after it received favorable assessment from Salceda, Finance Undersecretary Karl Chua said: ‘I hope so.’

Chua added the proposed excise tax on cigarette is expected to bring in additional PHP2 billion to PHP2.5 billion to government coffers on the measure’s first year of implementation.

Last week, Salceda said he sees the need to impose excise tax on e-cigarette due to mounting evidence of health risks.

“There’s an increasing evidence that justifies the use of taxation to pursue precautionary principle for national health welfare,” he said.

Members of the House of Representatives already approved House Bill (HB) 1206) imposing PHP40 to PHP60 worth of duties on e-cigarettes, while senators okayed a bill setting PHP10 excise tax on e-cigarette per 10 milliliters (mL) of vaping liquid. (PNA)

Latest News

7 Helpful Apps For Your Online Classes

Make your online classes easier to deal with with these apps!

PLDT Assures Stable Internet Connection During Maintenance Works

PLDT assures its users that their connection would be stable during its emergency maintenance works.

Taguig Inaugurates COVID-19 ‘Mega-Complex’ Facility

Taguig City inaugurates its COVID-19 mega-complex facility which will host the new city-run Molecular Laboratory, the Lakeshore Mega-quarantine facility, and the Lakeshore National Testing Facility.

Palace Believes AFP Not Involved In Fake FB Accounts

Malacañang believes that none of the fake accounts taken down by Facebook are accounts managed by the Armed Forces of the Philippines.

CA Junks Suit Filed By Customs Exec Accused Of Corruption

The Court of Appeals dismisses for lack of merit a petition filed by Bureau of Customs official Teodoro Jumamil questioning his suspension by the Office of the Ombudsman.

Mayor Labella Releases Video On Protocols Vs. COVID-19

The video features millennial twins singing the song 'Igsuon Ko'!

Bacolod Cops Put Up Food Bank

The BCPO Food Bank currently has 14 sacks of rice, 2 boxes of canned goods, and 4 boxes of instant noodles gathered through donations.

DSWD Starts Release Of P793-M Pension To Soccsksargen Seniors

The DSWD in Soccsksargen has started the release of about PHP793 million in social pension of indigent senior citizens.

PH Displays ‘Int’l Leadership’ For Call To Address Climate Change

The Institute for Climate and Sustainable Cities, an international climate and energy policy group based in the Philippines, lauds the Philippine government for its display of "international leadership" at the 75th United Nations General Assembly.

PRO-11 To Unveil Covid Testing Facility In October

The chief of the PRO-11 is optimistic the COVID-19 molecular testing laboratory inside their headquarters will be inaugurated next month.