sin tax

sin tax

JTI Mighty takeover to raise ‘sin’ tax take by P40-B in 2018

Mighty Corp., a Bulacan-based cigarette manufacturer, sold its assets to JTI to be able to pay off its tax liabilities. With the approval of President Duterte, the DOF and BIR accepted Mighty Corp.'s P25-billion settlement offer.
Business Philippines
The government stands to gain almost P40 billion in additional revenues from the “sin” tax on tobacco products starting  in 2018, following the Japan Tobacco International (JTI) takeover of ...
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DOF urges Congress to let sin tax law ‘run its course’

Finance news
Economy
December 8, 2016 — Finance Secretary Carlos Dominguez III has urged the congressional oversight committee on the Sin Tax Reform Act to allow Republic Act No. 10351 or the Sin ...
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