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NewsTranscript
00:00According to the second reading of the camera, the court decided to lower taxes on cigarettes, vape, and other similar products.
00:08The court's target is to fight against smuggled products that are sold at a cheaper price.
00:14Witness Tina Panginiban Perez.
00:16After the session started last night and lasted until 2 o'clock early this morning,
00:26according to the second reading, only two measures can affect taxes on cigarettes, vape, and other tobacco and vapor products.
00:35Under House Bill 11360, a pack of cigarettes will be charged P66.15 per pack of cigarettes.
00:44A pack of heated tobacco products will be charged P41.00 per pack with 20 units.
00:51As of now, 5 percent per year.
00:54The single payment will be lowered to 2 percent per year ending in an even number and 4 percent per year ending in an odd number.
01:03It is also stated in the bill that the BIR of the floor price or minimum price of cigarettes, vape, and other similar products will be deducted.
01:13Those who sell at a lower floor price will be charged from P200,000 to P500,000 and will be jailed for four to six years.
01:24Those who support the bill say that even if the taxes are high, the smuggling of the mentioned products will continue,
01:32which is why the collection of cigarettes is decreasing.
01:35And even if the collection of cigarettes is high, the number of people who smoke is increasing.
01:40In view of the substantial erosion in government excise tax revenue since 2021
01:47and the substantial spike in the incidence of illicit trade, today we seek to recalibrate the current excise tax scheme.
01:56With the decrease in taxes, it is expected that the number of people who smoke will increase.
02:02It is important to monitor this so that the millions of Filipinos who earn from the tobacco industry can also benefit.
02:08Excise tax collection is expected to stabilize and recover from successive tax increases by arresting the widening gap between illicit cigarettes and tax-paid cigarettes.
02:20But according to other congressmen, the reason for the decrease in the collection is not the value of life, but the collection.
02:28Even if they lower the same tax, smuggled cigarettes are still cheap, so they will still choose that.
02:33Instead of the 5%, if we implement this, the previous P82, if you are a smuggler, what will you choose?
02:48The P80 or the P40 cigarette?
02:53P40.
02:54The P40 cigarette, you will still buy illicit cigarettes.
02:59We will strengthen our anti-smoking campaigns.
03:03As for illicit products, we will strengthen law enforcement.
03:07In spite of the 4-hour debate, the decision was passed in the second reading.
03:13According to this provision, the President can return the tax to 5%, but only after 10 years from this law.
03:23Under House Bill 11286, it is proposed to have a tracking and tracing system for manufacturing,
03:32import, import and sale of cigarettes, vape and similar products.
03:38There will also be a digital code on the products to prevent smuggling.
03:43In response to the proposal of Boyette Fernando, who has been a smuggler for 40 years,
03:49It's not good.
03:50If you cover your sweat, you will be more likely to be caught.
03:55No, I will only be there until 6.
03:57Because the doctor will return it to us.
03:59I will leave as soon as possible.
04:01For GMA Integrated News, I'm Tina Panganiban Perez, your witness.
04:08My fellow citizens, be the first to witness.
04:10Subscribe to GMA Integrated News on YouTube for more news.
04:19Thanks for watching.