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News & Events » SIN TAX NEWS

By Aurea Calica (The Philippine Star) | Updated December 21, 2012 - 12:00am

MANILA, Philippines - President Aquino signed yesterday the sin tax reform bill into law, paving the way for higher cigarette and liquor prices in the coming weeks.

After signing Republic Act No. 10351, Aquino thanked lawmakers who fought to have it passed amid strong lobby against the measure from what he described as groups “with deep pockets.”

“Many believed it was impossible to pass the sin tax bill” as those blocking its passage were “strong, noisy, organized,” the President said.

But he said it was ultimately hard work and unity that prevailed and made the day for the sin tax measure.

“Today, we sign, finally, a law that serves as an early Christmas gift to millions of Filipinos who will be covered by the universal health care program, who will benefit from new public clinics and hospitals that will be built, and who will be discouraged from smoking and drinking,” the President said in his speech during the signing ceremony at Malacañang.

“We have proven: nothing is impossible for Filipinos who are sailing in the same direction, whose hearts are in the right place, and who are ready to fight for their principles,” he said.