The proposed measure seeks to impose on distilled spirits by January 2020 an ad valorem tax rate of 22 percent plus specific tax rates of P35, P40, P45 from 2020 to 2022. This rate will be increased by 7 percent annually starting in 2023.
The current two-tiered system for sparkling wines will be shifted into a unitary rate of P696 specific tax and an ad valorem tax rate of 15 percent by 2020. This too will be increased by 7 percent annually starting in 2021. The ad valorem tax on still and carbonated wines regardless of proof will be 15 percent by 2020 and an additional tax of P60 per liter.
All fermented liquors and alcopops, meanwhile, will have a P32 tax per liter by 2020. This will hike by P2 per year from 2021 to 2022. This rate will likewise increase by 7 percent every year after.Meanwhile, heated tobacco products will get a tax of P45 per pack of 20 units or lesser by 2020. The tax will increase by P5 every year until 2023. The tax will then be increased by 5 percent every year starting in 2024.
Vapor products with nicotine salt will be taxed with P30 per milliliter or a fraction by 2020. This will increase by P5 every year until 2023 and will further increase by 5 percent every year thereafter. Vapor products with conventional “freebase” or “classic nicotine”, on the other hand, will have a P4.50 tax per milliliter by 2020, to increase by P1 every year until 2023. The tax will increase by 5 percent every year starting in 2024.
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