Live Breaking News & Updates on Na Photo By Avito Dalan Manila Higher Levy On Sin Products Such As Alcohol

(PNA photo by Avito Dalan) MANILA - Higher levy on sin products such as alcohol, tobacco, and e-cigarettes as well as sugar-sweetened beverages has helped the government to deliver health and social services amid the global health and economic crisis. In a statement Friday, the National Economic and Development Authority (NEDA) said sin taxes raised revenues to fund the Universal Health Care program and give Filipinos access to more comprehensive health care services. "Our efforts to reform sin taxes can be traced back to the previous administration. Through Republic Act No. 10351 or the Sin Tax Reform Law of 2012, we restructured the excise tax on tobacco and alcohol products," Socioeconomic Planning Secretary and NEDA Director General Karl Kendrick Chua said. Chua said the Duterte administration has pursued higher taxes on tobacco products and sweetened beverages under the Tax Reform for Acceleration and Inclusion (TRAIN) Law, the first package of the Comprehensive Tax Refo ....

Karl Kendrick Chua , Tax Reform Program , National Economic , Health Care , Development Authority , Universal Health Care , Republic Act , Sin Tax Reform Law , Planning Secretary , General Karl Kendrick Chua , Tax Reform , Comprehensive Tax Reform Program , Na Photo By Avito Dalan Manila Higher Levy On Sin Products Such As Alcohol , Nde Cigarettes As Well Sugar Sweetened Beverages Has Helped The Government To Deliver Health And Social Services Amid Global Economic Crisis Ina Statement Friday , He National Economic And Development Authority Neda Said Sin Taxes Raised Revenues To Fund The Universal Health Care Program Give Filipinos Access More Comprehensive Services Quot Our Efforts Reform Can Be Traced Back Previous Administration Through Republic Act No 10351 Or Tax Law Of 2012 , E Restructured The Excise Tax On Tobacco And Alcohol Products , Uot Socioeconomic Planning Secretary And Neda Director General Karl Kendrick Chua Said The Duterte Administration Has Pursued Higher Taxes On Tobacco Products Sweetened Beverages Under Tax Reform For Acceleration Inclusion Train Law , He First Package Of The Comprehensive Tax Reform Program Ctrp Quot Later On , E Further Increased Taxes On Tobacco And Alcohol Products , Nd Introduceda New Tax One Cigarettes Through Package 2 When Our Previous Hikes Proved To Be Insufficient Curtail Consumption , Uot He Added Chua That Increasing The Sin Taxes Has Helped Government During Pandemic In Terms Of Disbursing Emergency Cash Aids , Rocure Covid 19 Vaccines , Nd Invest In Health And Social Services Quot We Remain Confident That The Bold Policies Have Instituted Over Past Six Years Will Further Drive Our Economy Forward Help Improve Lives Of People , Uot He Said Pna ,