Sin Tax Law

Posted by Suplado | 12/14/2012 | 0 comments »

After the approval in the bicameral committee of both house and the senate, the bill is to be submitted to the office of the President. It is only now that the signature of the President is needed so that sin tax bill will turn into law. This sin tax law will benefit 5.2 million Filipino families through taxes that will be collected. Hope this intention will also lessen smoke related diseases and thus will really benefit the people. Government will also be diligent in guarding cigarette smuggling and online buying with out paying taxes. Hope online transaction like buy acid cigars online can also enable the BIR to collect revenues for the government.