MANILA, Philippines— The two chambers of Congress have agreed on the final version of the Sin Tax Law.

The Bicameral Conference Committee on Wednesday (Dec. 18) approved the bill that proposes an additional tax on cigarettes, salty foods, alcohol and vapor products.

The bill provides for the application of the additional tax on fermented products from Php 35 in 2020 to Php 43 by the year 2024, while distilled products will be imposed with P35 to 66 taxes, wines with added Php 50 tax, and heated tobacco with additional Php 25 in the coming year.

The bicam has also approved the provision that prevents selling to vape products to buyers who are 21 years old and below.

“Kung ikaw ay hindi pa 21, definitely hindi pwede, tatanungin ka pa, nagyoyosi ka ba, kapag hindi ka nagyoyosi hindi ka pwede,” said House Committee on Ways and Means chairman, Rep. Joey Salceda.

This measure seeks to collect Php 24.9-Million taxes, and such will be used in the implementation of the Universal Health Care Act.

“I think all the health advocates sana mas mataas pa as a revenue measure, I had also hope na mas mataas,” Senate Committee on Ways and Means chair Pia Cayetano added.

The approved bill also provided for a clearer rule on VAT exemptions on medicines for diabetes, hypertension and high cholesterol.

And by 2023, medicines for mental health, cancer, and tuberculosis will also be VAT-exempt. — (from the report of Nel Maribojoc) /mbmf

MANILA, Philippines – The Bicameral Conference Committee finally has approved the P4.1T proposed national budget for next year.

However, Senator Panfilo Lacson revealed some last-minute ‘pork insertions’ in the proposed budget, the reason why he skipped the signing of the bicameral conference report on Wednesday night (December 12).

Lacson said he was sent a USB drive that contained the source files and the list files.

Based on their assessment, the source file contains 1,253 budget items amounting to more than P83-B.

Another file includes projects of congressmen amounting to P16-B that was inserted in the Bicam report.

The Lower House has yet to explain the two files.

It is, therefore, not clear if the total insertion was P83-B or P16-B.

Based on Lacson’s initial list, the provinces that obtained the largest allocations include Albay, Cavite, Sorsogon, Batangas, Bulacan, Pangasinan, and Cebu.

These were apart from the 117 flood control projects amounting to more than P3-B that was more suspicious.

Lacson expects President Rodrigo Duterte to veto the said questionable line items in the national budget.

Senator Vicente Sotto III said he will clarify with Senator Lacson the details of his discovery and to assess whether or not to elevate the issue to the President.

“Ang mangyayari sa atin ngayon niyan, in order not to delay the budget, we will just inform the Executive department. That’s the assessment of the Senate,” Sotto concluded. – MNP (with details from Nel Maribojoc)

(file photo)

PASAY CITY, Philippines – The Bicameral Conference Committee has approved the rice tariffication bill on Thursday (November 22).

Under the proposal, import restrictions will be lifted on rice importation along with the creation of the Rice Competitiveness Enhancement Fund (Rice Fund).

According to the Chairperson of the Senate Committee on Agriculture and Food Senator Cynthia Villar, the proposed measure will benefit ordinary farmers.

This is through excesses in rice tariff revenues and from the P10-B fixed appropriation on the rice fund that will serve as direct financial assistance to rice farmers.

“If we are successful in the competitive enhancement, katulad ng seeds can increase their harvest from 4 metric tons per hectare to 6 that 50 % increased in productivity we’re rice sufficient,” Villar explained.

The bill is expected to be signed by President Rodrigo Duterte before the end of the year. – Marje Pelayo (with reports from Nel Maribojoc)