Zero revenue from new sin tax law in 1st quarter of 2013

THE government has not realized a single centavo from the P33.9 billion expected additional revenue from the first year of the implementation of sin tax reform law, Sen. Ferdinand Marcos Jr. said on Thursday.

Aside from not producing the projected revenue during the first quarter of the year, the implementation of Republic Act 10351 has also failed to discourage people from smoking because they have shifted to cheaper brands being smuggled into the country.