Tobacco and alcohol products got more expensive as the sin tax reform law takes effect Tuesday, January 1. The tax rate for cigarettes with a net retail price of less than P11.50 went up to P12 while it increased to P25 for cigarettes priced at P11.50 or more. For fermented liquor, tax rates went up to P15 for those priced below P50.60, and P20 for those priced P50.60 and more. Tax rates for distilled spirits will be P20 plus 15%. President Benigno Aquino III signed sin tax reform into law in December to generate more revenues for the government’s health program.
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