Finance Secretary Carlos G. Dominguez III said that legislative deliberation on proposed higher excise taxes on e-cigarettes and vape products should continue in the Senate as they await the President’s executive order on the ban.
Last week, the Department of Health reported the first case of e-cigarette or vaping-associated lung injury in Visayas. According to the health and finance departments, a total ban may just force vapes and e-cigarettes onto the black market, where the products would be harder to control by the government.
SB-1074 aims to align the tax rate of heated tobacco and vape with traditional cigarettes at P45 beginning next year, P50 in 2021, P55 in 2022, and P60 in 2023, with five percent annual increases onwards.
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