Robi Del Rosario

Joint Statement – Business groups call for the full implementation of the Sin Tax Law

18 January 2017 – The Philippine Business Group and Joint Foreign Chambers, a coalition of local and foreign business groups, support the Department of Finance’s position to fully implement the “Sin Tax Reform Act” or R.A. 10351 passed in 2012. This includes Section 11 of the said Act, which mandates the Congressional Oversight Committee to review the impact of the tax rates beginning the third quarter of calendar year 2016.