Cigarette and alcohol tax, price hikes greet 2022

MANILA, Philippines — Another increase in “sin” taxes — which consumers ultimately pay for — greeted 2022, to not only discourage smoking and drinking which incur public and private health costs, but also to raise more revenues to finance the universal health care program being implemented by the state-run Philippine Health Insurance Corp. .

The excise on wines, meanwhile, has been increasing by 6 percent yearly from the base of P50 per liter in 2020. The latest estimates of domestic industry leader PMFTC Inc. had shown illicit cigarettes — cheaper smuggled or fake sticks as they had unpaid import duties, excise and other taxes — grew their market share to 8.6 percent in 2021 from about 5-5.5 percent in 2020.It did not help that enforcement operations against unscrupulous cigarette traders lost steam amid prolonged COVID-19 restrictions.

Top officials of the Department of Finance , which oversees both the BIR and the BIR, had been warning that unscrupulous traders would take advantage of higher prices of tax-paid cigarettes by selling less expensive sticks, which slash government collections.

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