{"id":191599,"date":"2018-11-29T02:15:32","date_gmt":"2018-11-29T07:15:32","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=191599"},"modified":"2018-11-29T02:15:32","modified_gmt":"2018-11-29T07:15:32","slug":"tobacco-tax-hike-breezes-through-2nd-reading-in-house","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/11\/29\/tobacco-tax-hike-breezes-through-2nd-reading-in-house\/","title":{"rendered":"Tobacco tax hike breezes through 2nd reading in House"},"content":{"rendered":"<figure id=\"attachment_191600\" aria-describedby=\"caption-attachment-191600\" style=\"width: 415px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/11\/smoking-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-191600\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/11\/smoking-1.jpg\" alt=\"\" width=\"415\" height=\"260\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/11\/smoking-1.jpg 415w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2018\/11\/smoking-1-300x188.jpg 300w\" sizes=\"auto, (max-width: 415px) 100vw, 415px\" \/><\/a><figcaption id=\"caption-attachment-191600\" class=\"wp-caption-text\">The bill seeks to raise the cigarette excise tax rate to PHP37.50 per pack by July 2019, PHP40 for 2020, PHP42.50 for 2021, and PHP45 for 2022. (PNA Photo)<\/figcaption><\/figure>\n<p><strong>MANILA &#8212;<\/strong>\u00a0The House of Representatives on Wednesday approved on second reading a measure seeking to increase the excise taxes on tobacco products.<\/p>\n<p>Lawmakers gave their nod on House Bill No. 8677 only a day after it hurdled committee level.<\/p>\n<p>The proposal seeks to increase excise tax rates for tobacco by PHP2.50 every year starting July 2019 until 2022.<\/p>\n<p>The Tax Reform for Acceleration and Inclusion (TRAIN) law mandates that the duty on tobacco products will be raised to PHP35 next year.<\/p>\n<p>The bill seeks to raise the cigarette excise tax rate to PHP37.50 per pack by July 2019, PHP40 for 2020, PHP42.50 for 2021, and PHP45 for 2022.<\/p>\n<p>After that, the rate would be raised 4 percent every July annually starting 2023.<\/p>\n<p>Revenue from the excise tax on tobacco, as well as alcohol products, will fund the proposed Universal Health Care (UHC) Act.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA &#8212;\u00a0The House of Representatives on Wednesday approved on second reading a measure seeking to increase the excise taxes on &hellip;<\/p>\n","protected":false},"author":44,"featured_media":191600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,95],"tags":[],"class_list":["post-191599","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-news-ph","mauthors-filane-mikee-cervantes","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/191599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=191599"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/191599\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/191600"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=191599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=191599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=191599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}