Philippine Sin Tax Bill Passed, 15 to 2 Senate Votes

Philippine Sin Tax Bill Passed, 15 to 2 Senate Votes -- Sin Tax Bill has just been passed by the Philippine Senate to set higher taxes on tobacco and alcoholic beverages. It is intended that through this bill, an additional revenue of more or less P39.5 billion could be generated by the government on the first year.
So who voted for the sin tax bill and who went against it? Here goes the list:
  1. Senate President Juan Ponce Enrile
  2. Senate President Pro Tempore Jinggoy Estrada
  3. Senate Majority Leader Vicente Sotto
  4. Senator Franklin Drilon
  5. Senator Pia Cayetano
  6. Senator Lito Lapid
  7. Senator Bong Revilla
  8. Senator Gringo Honasan
  9. Senator Loren Legarda
  10. Senator Manuel Villar
  11. Senator Ralph Recto
  12. Senator Aquilino Pimentel III
  13. Senator Teofisto Guingona III
  14. Senator Panfilo Lacson, and;
  15. Senator Ferdinand Marcos Jr.
Senators who voted against the bill are:
  1. Senator Joker Arroyo and;
  2. Senator Francis Escudero
As stipulated in the Sin Tax Bill, the tax sharing between tobacco and alcohol products would be:
  • 60-40 in 2013 and;
  • 59-41 in 2014
A lot of critical issues concerning the technicalities within the bill have been discussed in the house of the Senate. On the other hand, Senator Recto recommended that some "P23 billion from total sin tax revenues be directly released annually to the Philippine Health Insurance Corp." This is to meet the government's plight of providing universal health coverage and benefits to additional 10.4 million families.

Aside from that, P10 shall be allocated to each of the "618 district hospitals operated by local government units for repair and upgrading of facilities and services."

Then a separate allocation of P100 million shall go to the "16 regional hospitals and 22 medical centers for the same operational and physical upgrading, according to Recto’s proposed amendments."

And also the sum of "P100 million to the Health Department for a nationwide information campaign on the ill-effects of smoking and drinking."

Meanwhile, here is a very informative Sin Tax Bill Infographic shared by http://sintax.ph/:
From the online Official Gazette of the Philippines
Sin Tax Bill is also known as the House Bill 5727. It aims to:
..restructure the existing taxes imposed on alcohol and tobacco goods. Duties on these products are a potential revenue source that will help fund the Universal Health Care Program of the administration. Likewise, higher taxes—and consequently higher costs—are seen as a deterrent to the consumption of “sin” products, whose adverse effects are mostly borne by the poorer segments of society.
This is really an intense undertaking but hopefully, we can manage to get there, smoothly.

Source: http://manilastandardtoday.com/ http://sintax.ph

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