Duterte signed the tobacco excise tax hike bill as Republic Act No. 11346. The new law primarily provides a four-year graduated excise tax increase in order to help tobacco farmers slowly shift to other crops.
“We welcome the enactment of Republic Act No. 11346 or the increase in the excise tax on tobacco products. We worked on passing this measure as the chairman of the ways and means committee in the previous Congress with the goal of generating additional revenues to help fund the gap for the UHC Act,” Angara said in a statement.
“We want to discourage the youth from taking up smoking and also reduce deaths and disabilities brought about by smoking,” he explained.The new law will raise the excise tax for every cigarette pack from P35 to P60 for the next 4 years. The starting rate of P45 would be implemented in 2020, then followed by P50 in 2021, P55 in 2022, P60 in 2023 and a five percent automatic increase by 2024.
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