The House of Representatives on Tuesday approved the bill increasing the excise taxes on alcoholic drinks, electronic cigarettes, and products for vaping.
Lawmakers approved on third and final reading House Bill (HB) No. 1206 with a vote of 184-2-1 – the first measure to successfully hurdle the House in the 18th Congress after it breezed through the House Committee on Ways and Means on 13 August.
It was passed on second reading in the plenary on 14 August.
The original version of HB No. 1206 initially proposed taxes worth P30 up to P60 on alcoholic drinks only, but just before the bill was approved on second reading last week, the House substituted its original version with a new one that also imposes P40 to P60 worth of taxes on heated tobacco products or electronic cigarettes and vapor products.
HB No. 1206 will now be transmitted to the Senate, where it will have to go through another 3 readings before the measure can be submitted to President Rodrigo Duterte for signing.