Boffill's WebCrib

The Sin Tax Bill of the Philippines has been signed by the President last December 20, 2012 and took effect yesterday January 1, 2013. President Benigno Aquino said that the signing of the bill is an early Christmas gift to the Filipinos. The newly signed law Republic Act No. 10351 (An Act Restructuring the Excise Tax on Alcohol and Tobacco) was expected to generate P33.96 Billion revenue in its first year being implemented.

The President, a smoker himself said during the signing, “The enemy was strong, noisy, organized and had deep pockets… but as I have always said, there is nothing that can stop Filipinos who are marching in the right direction,” at the signing ceremony.

The aim of the bill is to have an additional revenue by increasing taxes to the so called “sin products” like alcohol beverages and cigarettes.

Workers and farmers in Tobacco industry was reassured by Aquino that they will not lose the benefits they have been receiving before. Instead, they will have a stronger support from the government and the previous benefits will increase.

My Personal Thoughts About the Bill

Just this morning, I went to a nearby sari-sari store to buy a pack of 10 cigarettes which is supposed to be P20 but I was then told by the store owner that the price was increased P25 per pack because of the sin tax bill. I myself was happy because this bill can help me reduce my smoking. I have been planning to quit smoking but still I can’t control my craving for nicotine. With the increase of taxes in “sin products”, I believe it can reduce my smoking and drinking alcohol.