‘Sin’ tax take exceeds target

Tobacco Tax Update / By

MANILA, Philippines–Collections of so-called ‘sin’ taxes from alcohol and cigarette products exceeded the Bureau of Internal Revenue’s September target by 45.5 percent. As the volume of sales of “sin products” continued to be steady despite the additional taxes slapped on the goods, Revenue Commissioner Kim S. Jacinto-Henares on Wednesday said that the sin tax rates …

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