Sin tax 4-month revenue P23B, up 11.8%

Sin tax collections, or excise taxes from cigarettes and alcoholic beverages, rose 11.83 percent year-on-year in April to P23 billion, exceeding the four-month target of the Bureau of Internal Revenue (BIR).

Data from the tax bureau showed that total sin tax collections from January to April 2014 amounted to P23 billion, or P2.43 billion higher than the P20.58 billion recorded during the same period last year.