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NewsTranscript
00:00According to the second reading of the Camera, the two patents, including cigarettes and vape, are passed by the lawmakers to lower the price of the products
00:09and to have a tracking system for the production and sale of these products.
00:14We have first news, Tina Pangaliban Perez.
00:19According to the second reading, the two patents that will affect the price of cigarettes, vape, and other tobacco and vapor products
00:28According to House Bill 11360, one pack of cigarettes will cost P66.15.
00:37The heated tobacco products will cost P41.00 per pack with 20 units.
00:43From now on, 5% per year.
00:46The price of vaping will be lowered to 2% for each year ending in an even number
00:52and 4% for each year ending in an odd number.
00:56It is also stated in the patent that the BIR will affect the floor price or minimum price of cigarettes, vape, and other products.
01:05Those who will sell at a lower floor price will have to pay from P200,000 to P500,000 and will be jailed for 4 to 6 years.
01:17Those who support the patent say that even if the SIN taxes are high, the smuggling of the mentioned products continues
01:25that is why the waste is being collected lower and lower.
01:28And even if the waste is high, there are many who are being jailed.
01:33In view of the substantial erosion in government excise tax revenue since 2021
01:40and the substantial spike in the incidence of illicit trade,
01:44today, we seek to recalibrate the current excise tax scheme.
01:48In lowering the waste, smugglers are expected to move to legitimate products.
01:54This is important for the well-being of the millions of Filipinos who earn from the tobacco industry.
02:01Excise tax collection is expected to stabilize and recover from successive tax increases
02:06by arresting the widening gap between illicit cigarettes and tax-paid cigarettes.
02:12But according to other congressmen, the reason for lowering the collection is not the value of the waste,
02:18but the collection.
02:20Even if they lower the SIN tax, smuggled products are still cheap, that is why they will still buy it.
02:26Instead of the 5%, if we implement this, the previous P82, if you are a smuggler,
02:37what will you choose, the P80 or the P40 cigarette?
02:43The P40 cigarette.
02:46The P40 cigarette, you will still buy the illicit cigarette.
02:51If we really strengthen our anti-smoking campaigns,
02:54in the case of illicit products, we will strengthen law enforcement.
02:59In spite of the 4-hour debate, the panel passed in the second reading.
03:04According to this provision, the President may return the 5% tax,
03:10but only after 10 years from this law.
03:14In the separate House Bill 11286,
03:18a tracking and tracing system is being proposed for manufacturing,
03:23import, import and sale of cigarettes, vapes, and similar products.
03:30There will also be a digital code for the products so that the smuggling will be visible.
03:35Reaction to the debate of Boyet Fernando, who has been a smuggler for 40 years.
03:41It's not good.
03:42If you lower the tax, will you continue to be a smuggler?
03:47No, I will continue to be a smuggler until I am 6 years old.
03:49Because this doctor is prohibiting me.
03:51This is why I am leaving.
03:53This is the first news.
03:55Tina Panganiban Perez for GMA Integrated News.
03:59Igan, you are the first in the news.
04:01Subscribe to GMA Integrated News on YouTube for updates on our country.