The House of Representatives ways and means committee approved on Tuesday a bill seeking to increase the unitary excise tax on tobacco products. Panel chair and Nueva Ecija 1st District Rep. Estrellita Suansing said the panel approved the proposed measure with the draft substitute bill to follow. "It was already approved (in principle), the substitute bill will come out already," Suansing told reporters. Suansing explained the panel agreed to make the unitary excise tax on cigarettes P35 per pack by January 1, 2019, and P37.5 by July 2019, P40 by July 2020, P42.5 by 2021, and P45 by 2022. This will be followed...
Keep on reading: House panel OKs bill hiking tobacco excise tax
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