MANILA -- The Senate and the House are expected to approve on Wednesday a bill that will tax electronic cigarettes and raise duties on alcohol, a measure that is tipped to raise P24.
9 billion on its first year of implementation in 2020.
The Department of Finance had hoped higher sin taxes would help close a P59.1-billion funding gap for universal health care. "As a health advocate, I cannot deny that I am not satisfied... As a revenue measure, I had also hoped na sana mas mataas," said Sen. Pia Cayetano, a health advocate and chairman of the Senate tax-writing committee.
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