• Sin tax take surges, driven by cigarettes

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    The government’s “sin” product revenue surged in November, the Bureau of Internal Revenue (BIR) reported, driven by a double-digit gain from cigarette products.

    November saw a 39.6-percent increase to P16.3 billion, pushing the year-to-date tally to P124.64 billion — 26 percent higher than the year ago level.

    Breaking down November’s take, the BIR said cigarettes accounted for P12.59 billion, 54.5 percent higher from last year. Following were fermented liquors, up 3 percent to P2.34 billion; distilled spirits/compounded liquors, up 8.6 percent to P1.36 billion; and wines, up 65 percent to P11 million.

    The volume of removals for cigarette packs, meanwhile, increased by 25.2 percent to about 558 million packs.

    Fermented liquors saw a 0.96-percent increase to 131 million liters, distilled spirits contracted by 2.9 percent to 40 million proof liters, while wines rose by 58.6 percent to 344,598 liters.

    For the 11-month period, excise tax collections from cigarettes amounted to P86.34 billion, 33.2 percent higher compared to the comparable 2014 period.

    The take from fermented liquor was P25.25 billion, an increase of 14.1 percent. Collections from distilled spirits/compounded liquors rose by 7.4 percent to P12.03 billion, while wines contracted by 0.53 percent to P28 million.

    For the first 11 months of 2015, the volume of removals for cigarettes surged to 10.7 percent to 3.785 billion packs.

    Fermented liquors posted a 1.3 percent increase to 1.279 billion liters, distilled spirits contracted by 4.8 percent to 355 million proof liters, while wines rose to 33.9 percent to 1.20 million liters.

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