Aquino signs sin tax reform bill into law

(Update) The sin tax bill is now officially a law.

President Benigno Aquino III signed on Thursday the controversial Sin Tax reform law, which will impose more tax on cigarettes and alcohol products, the Palace said in its official Twitter account.

Seen as both a revenue and health measure, the Six Tax reform law will restructure taxes on tobacco and alcohol products sold in the Philippines. Lawmakers were divided on this measure.

While some saw the additional revenue government will be making from this law, Some lawmakers, including Senator Bongbong Marcos felt the law was "rushed." 

Saying the signing of the bill into law as an early Christmas gift, Aquino vowed the new law will help improve Philippines' ailing health care program.

Aquino said earnings from sin tax will help create more clinics and hospitals. The President also believes higher alcohol and tobacco prices would help deter more Filipinos from getting into the vice.

"Malinaw po ang batayang prinsipyo ng batas na ito: Hangad nating gawing abot-kamay para sa lahat ang benepisyong pangkalusugan, mayaman man o mahirap, sagrado po kasi ang buhay ng Pilipino [This law's aim is clear: We want more Filipinos, rich or poor, to have better access to health services, for life is sacred," Aquino said in his speech.

Aquino also allayed tobacco farmers' fears over sin tax's effect on their livelihood.

"Wala po kayong dapat ikabahala. Ang benepisyong natatanggap ninyo dati ay hindi maglalaho; ang totoo nga po—sa amin pong pakiwari—lalaki pa iyan, habang tumitibay naman ang suporta sa inyo ng pamahalaan sa pamamagitan ng iba pang ayuda.[There's nothing to worry about. The benefits you have won't vanish. In fact, we'll see better government services]," Aquino said.

The Sin tax bill seeks to gather some P40 billion in added revenues. Earlier, presidential spokesman Edwin Lacierda said sin tax would bring up the lowest-priced cigarette sold at P15 to P26.

More related stories on the Six Tax reform law.

Congress ratifies sin tax reform law

Law for revenue and health
Loading...

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • OIC asked to complete review of peace pact with MNLF
    OIC asked to complete review of peace pact with MNLF

    The Philippine government is asking the 57-nation Organization of Islamic Cooperation (OIC) to finally complete the tripartite review process of the implementation of the 1996 peace agreement with the Moro National Liberation Front (MNLF). The review – snagged  for several years as government had its hands full with the peace process with rival faction Moro Islamic Liberation Front (MILF) – tackles how the 1996 peace pact with the MNLF has been implemented and centers on the three remaining …

  • Alleged Binay dummies appear in Senate probe
    Alleged Binay dummies appear in Senate probe

    Eight of the resource persons ordered arrested by the Senate finally attended the 21st public hearing of the Senate Blue Ribbon subcommittee into the alleged anomalies involving Vice President Jejomar Binay, but the proceedings turned out to be a review of matters previously presented. For over three hours, the subcommittee heard presentations regarding the alleged hidden assets of Binay and the issue regarding the supposed P200 million in kickbacks he received from a deal between the Boy …

  • DOJ wraps up Mamasapano probe
    DOJ wraps up Mamasapano probe

    The Department of Justice (DOJ) is wrapping up its investigation into the “massacre” of 44 members of the Philippine National Police Special Action Force (PNP-SAF) in Mamasapano, Maguindanao last Jan. 25. A joint team of prosecutors and NBI (National Bureau of Investigation) investigators is about to finish the second part,” Justice Secretary Leila de Lima has told congressmen. She was responding to questions raised by former senior police officer and now Rep. Samuel Pagdilao of party-list …

  • APEC meet in Bataan seen to boost tourism
    APEC meet in Bataan seen to boost tourism

    BALANGA CITY, Bataan – More than 2,000 delegates of the Asia-Pacific Economic Cooperation (APEC) and international media outfits are expected to enjoy the splendid coastline of Bagac town, which faces the West Philippine Sea, as they converge for a workshop in this province next month. …

  • DOST opens P54-M research facility
    DOST opens P54-M research facility

    A P54-million research and development facility of the Department of Science and Technology (DOST) was recently opened in Bicutan, Taguig for scientists and researchers to develop technology and techniques to allow Filipino fashion and clothing designers and manufacturers to produce more mainstream products from local, tropical fabrics like piña, banana and abaca. Science Secretary Mario Montejo said the Innovation Center for Yarns and Textiles (ICYT) is the DOST’s flagship effort at reviving …

  • DFA worried about alleged violations of convicted Pinoys’ rights
    DFA worried about alleged violations of convicted Pinoys’ rights

    Philippine embassy officials in Doha have raised their concern with Qatari authorities over coercion and human rights violations in the alleged forcing of three Filipino workers convicted of spying to provide information and confess to the crime. Speaking to reporters, Department of Foreign Affairs (DFA) spokesman Charles Jose yesterday said the embassy has raised the matter during several high-level meetings with Qatari officials and the national human rights committee in Qatar. “Our embassy …

  • US affirms ‘ironclad’ promise to defend Phl
    US affirms ‘ironclad’ promise to defend Phl

    US Defense Secretary Ashton Carter told his Philippine counterpart on Wednesday that Washington’s pledge to defend the Pacific nation remains “ironclad” and called for an end to land reclamation in the South China Sea, officials said. In talks in Hawaii with Voltaire Gazmin, Philippine secretary of national defense, the Pentagon chief “reaffirmed” the strong ties between the two countries and discussed territorial disputes in the contested waters of the South China Sea, where Beijing has been …

  • ‘Conflict to affect economic growth, stability in SEA’
    ‘Conflict to affect economic growth, stability in SEA’

    Conflict in the South China Sea can affect economic growth and stability in Southeast Asia, New Zealand warned yesterday, amid China’s aggressive reclamation activities in disputed waters. New Zealand is marking its 40 th year of diplomatic ties with the Association of Southeast Asian Nations, and hopes to intensify trade and other linkages with the 10-member grouping. ASEAN members Brunei, Malaysia, the Philippines and Vietnam have overlapping territorial claims with China over the Spratly …

POLL

Should Aquino be held accountable over the Mamasapano operations?

Loading...
Poll Choice Options