Alcohol, tobacco and vaping taxes increase in Philippines

The Philippine government has announced that it will increase several taxes on alcohol, tobacco and vaping products. From January 2020, spirits will be taxed at PHP42 per proof litre (in addition to current excise and value-added taxes). This will increase to PHP66 per litre by 2024. Heated tobacco products will be taxed at PHP25 per pack, increasing to PHP32.50 per pack in 2023. Vaping products will be variably taxed depending on their content. The new taxes are expected to raise PHP22bn in their first year, with PHP1.8bn expected from heated tobacco products and PHP1.6bn from nicotine salt products.