Recto sees passage of sin tax bill before yearend:
MANILA, Philippines – Senator Ralph Recto on Thursday expressed optimism that the sin tax bill will be passed before the year ends as worries that the proposed measure will kill the tobacco industry persist.
Speaking to reporters after the first committee hearing of the Senate committee on ways and means on HB 5727, “An Act Restructuring the Excise Tax on alcohol and Tobacco Products” or popularly called the sin tax bill, Recto said that by November or December, they will be able pass the bill and signed it into law.
“In a month’s time we can wrap up the hearing, and a week or two at most we can make the committee report a month...
Keep on reading: Recto sees passage of sin tax bill before yearend
MANILA, Philippines – Senator Ralph Recto on Thursday expressed optimism that the sin tax bill will be passed before the year ends as worries that the proposed measure will kill the tobacco industry persist.
Speaking to reporters after the first committee hearing of the Senate committee on ways and means on HB 5727, “An Act Restructuring the Excise Tax on alcohol and Tobacco Products” or popularly called the sin tax bill, Recto said that by November or December, they will be able pass the bill and signed it into law.
“In a month’s time we can wrap up the hearing, and a week or two at most we can make the committee report a month...
Keep on reading: Recto sees passage of sin tax bill before yearend
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