The Philippines will collect higher taxes on alcohol and cigarettes from January 1, 2022.
Authorities said those who consumed alcohol and tobacco products would have to pay more starting January 1 as the government started to collect higher “sin taxes” this year.
As per Republic Act No. 11467, which was signed by President Rodrigo Duterte in January last year, excise taxes on cigarettes will increase to P55 per pack this year, compared to P50 per pack in 2021 and taxes on heated tobacco products will also increase to P30 this year from P27.50 in 2021, and P47 per milliliter or a fraction thereof for salt nicotine products, from P42 per ml in 2021.
In case of alcohol products, taxes on distilled spirits are now at P52 per proof liter for distilled spirits and P39 per liter for beer products.
The wine products will incur a P50 excise tax per liter starting this year and will increase by 6 percent every year starting 2021 which means that the excise tax for wine in 2022 will be around P56.
The RA No. 11467 amended the National Internal Revenue Code of 1997 to impose heavier levies on alcohol products, and e-cigarettes.
