“Virtually, ang gagawin namin doon, all taxes in vape will also be removed pati na yung existing, kasi may existing tax on vape diba, aalisin din namin yun so we don’t recognize vape anymore as a product that is being taxed,” he added.
He assured that the implementation of the Universal Health Care law will not be affected by the exclusion of the vape products under the “sin tax,” whose projected revenue was about P1.4 billion. “I think we can still proceed. That means the onus will now be on fermented products and distilled spirits. We can make up for it in the other tax, other components of the sin tax measures,” the Albay representative said.
“I don’t think we will allow the UHC to be jeopardized by the ban, in fact, it could be helpful if DOH could implement the ban on vapes,” he added.a bill that will gradually increase excise tax rates on liquor and heated tobacco and vapor products., Senate Bill No. 1074. Once the Senate approves the measure on third reading, both chambers of Congress will convene a bicam to reconcile disagreeing provisions of the bill.first case of vape-related lung injuryThe patient was a 16-year-old girl from Central Visayas who had been using e-cigarette daily for four months since March. She then started smoking both the device and traditional cigarettes until she was hospitalized on Oct. 21.
This is a mistake that shows lack of foresight. If the vape ban will be done by executive action, what's to stop the next president from rolling it back?
Exclude 'heated tobacco' from taxes. Hmmmmm... so this means by banning vape, it will make iQos profitable when it is officially launched in the country next year. NEWS FLASH: iQos uses 'electronics' to heat the tobacco, shouldn't it be included in the ban?
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNN Philippines - 🏆 13. / 63 Read more »
Source: manilabulletin - 🏆 25. / 51 Read more »
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Source: manilabulletin - 🏆 25. / 51 Read more »
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Source: manilabulletin - 🏆 25. / 51 Read more »