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Manila Bulletin devider Philippines devider National devider House OKs bill reducing rate of tobacco products' annual excise tax hikes

House OKs bill reducing rate of tobacco products' annual excise tax hikes

Published Feb 4, 2025 03:29 pm

At A Glance

  • The House of Representatives has overwhelmingly passed on third and final reading a measure that would temper the rate of annual excise tax increases on tobacco products.

IMG-48a14b7540887cf43d374371d45e15c6-V-01.jpegHouse of Representatives (Ellson Quismorio/ MANILA BULLETIN)

The House of Representatives has overwhelmingly passed on third and final reading a measure that would temper the rate of annual excise tax increases on tobacco products.

Approved via nominal voting result of 190-4-0 (yes-no-abstain) duriing plenary session Monday, Feb. 3 was House Bill (HB) No.11360.

The bill is titled "An Act amending Sections 144, 145, 147 and 263-A of the National Internal Revenue Code, as amended, and for other purposes."

The measure provides that excise tax on tobacco, heated tobacco, cigarettes, and vapor products shall be increased by two percent every even-numbered year starting Jan. 1, 2026, and by four percent every odd-numbered year effective Jan. 1, 2027, until December 2035.

At present, the increase is fixed at a hefty five percent annually.

HB No.11360 authorizes the President upon recommendation of the secretary of the Department of Finance (DOF) to increase the rate to five percent in case the actual national government deficit exceeds the programmed deficit by two percent.

Moreover, the bill also sets an excise tax of P41 per pack of 20 units or packaging combinations of not more than 20 units for heated tobacco products.

It also imposes a unitary tax rate of P66.15 per milliliter or a fraction thereof on vapor products that contain any liquid substance, regardless of nicotine content including nicotine-free liquids or any similar products and similar products to be used as a substitute for cigarettes or other tobacco products.

Economist-solon Albay 2nd district Rep. Joey Salceda, chairman of the House Committee on Ways and Means principally authored HB No.11360.

Related Tags

TOBACCO PRODUCTS excise tax Third and Final Reading joey salceda
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