In Wikipedia, A sin tax is a kind of sumptuary tax: a tax specifically levied on certain generally socially prescribed goods and services, for example alcohol and tobacco, candies, soft drinks, fast foods, coffee, and gambling.
President Benigno Aquino III signed into law Republic Act 10351 or the Sin Tax Reform Law on Dec. 20, 2012.
It took effect Jan. 1, 2013, which slapped cigarette packs selling at a net retail price of P11.50 with a P12 excise tax and those selling for over P11.50 a new rate of P25.
By 2016, the tax rate of P20 will increase by 4 percent a year plus the 20 percent net retail price per proof
Philip Morris and its partner Fortune Tobacco Corporation (PMFTC) have been complaining that Mighty Corporation has hugely eaten its market by selling one-peso-per stick cigarettes through illegal withdrawals and misdeclaration of imported raw materials.
Mighty Corporation, the only Filipino-owned integrated t0bacco producer of popular, low-priced cigarette brands assures that the loyal customers, bankers, retailers, wholesalers and employees will not remain passive against the malicious and damaging trickeries employed by competitors in trying to destroy our business.
Atty. Miguelito V. Ocampo, MC legal counsel said:
“How could this be when the Bureau of Customs and the Bureau of Internal Revenue tightly and closely monitor our shipments, manufacturing, withdrawals and marketing.”
“This is the kind of fallacious and damaging reasoning that our competitors have systematically disseminated to the public to destroy our company,” Ocampo said, adding that selling of low-priced cigarettes is allowed under the new sin tax law or Republic Act 10351.
From January to November this year, the Bureau of Internal Revenue more than doubled its collections from tobacco and alcohol products, despite a decrease in production of cigarettes and fermented liquor.
Next year, the BIR's target is pegged at P105.3 billion.
With the increased tax collections, the Department of Health says the budget for public health services also went up by as much as 58 percent.
Cigarette manufacturer Mighty Corporation has paid an excise tax of P8 billion for the year 2013, a quantum leap from the modest P300 million it shelled out the previous year.
Oscar Barrientos, Mighty Corporation executive vice president said the tax payment for last year should put to rest false accusations that their company has not been paying its correct duties and taxes.

The Top celebrity taxpayers for 2012

Just like in any other nation in the world, tax is no stranger in the Philippines. As a matter of fact, all individuals with an income flow are required to pay their taxes as mandated by the nation’s law. When we say all, we literally mean all – professionals, trusts, estates, businesses, corporations and even the sought-after local celebrities. (First posted October 10, 2013)

So which local celebrities made the Top celebrity taxpayers for 2012?
On October 10, 2013 the Bureau of Internal Revenue (BIR) released the list of taxpayers for the year 2012 where Willie Revillame, former host of the show Wowowillie on TV5, ranked second in the list. His total contribution was reported to be P63.9 million, making him the number 1 on the Top Celebrity Taxpayers. Second in the Top Celebrity Taxpayers is the Queen of All Media, Kris Aquino, with P44.9 million of paid tax and ranking no. 6 in the overall list. She was previously the highest paid celebrity and also the previous top celebrity taxpayer.
John Lloyd Cruz is no. 3 on the list with P42.7 million and followed in the fourth place by the veteran actress Sharon Cuneta with P42 million of paid taxes.
Ranked no. 5 in the list is no other than the leading lady of the recently concluded prime time teleserye Huwag Ka Lang Mawawala in the Kapamilya channel, Judy Ann Santos with P24 million.
Piolo Pascual, with P23 million of tax paid, is ranked at no. 6 while the people’s champ Manny Pacquiao came in no. 7 with P22 million.

Manny Pacquiao will fight Brandon Rios on November 24, 2013, in Macao (Saturday evening, November 23, 2013, in U.S. timezones.
The previous year was definitely a productive year for the actress Anne Curtis who took the last spot on the Top 50 Taxpayers of the Philippines. She is ranked 8 in the Top Celebrity Taxpayers where she paid a total of P19 million in taxes for the year 2012.
Sarah Geronimo, who ranked 59th in the overall list and who has just released the music video to her single Ikot-Ikot, takes the ninth spot of the Top Celebrity Taxpayers’ List having paid P18.3 million worth of taxes.
Closing the Top 10 is Robin Padilla, paying a total of P18.2 million of income tax.
The large figures paid by these top-rated celebrities are definitely not to be taken lightly and should be kept as thoughts to ponder on for all the celebrity-hopefuls. One thing for sure though, these celebrities definitely live the life of fame.
Top 24
  1. Willie Revillame – P63.9 million (Top 50 Taxpayers)
  2. Kris Aquino – P44.9 million
  3. John Lloyd Cruz – P42.7 million
  4. Sharon Cuneta – P42 million
  5. Judy Ann Santos – P24 million
  6. Piolo Pascual - P23 million
  7. Manny Pacquiao – P22 million
  8. Anne Curtis – P19 million
  9. Sarah Geronimo – P18.3 million (ranked 59th overall)
  10. Robin Padilla – P18.2 million
  11. Derek Ramsay - P16 million
  12. Coco Martin – P15 million
  13. Boy Abunda – P13 million
  14. Vice Ganda – P12 million
  15. Vic Sotto – P14.61 million
  16. Joey de Leon – P11.09 million
  17. Michael V – P12.59 million
  18. Noli de Castro – P10 million
  19. Dingdong Dantes – P9.48 million
  20. Angelica Panganiban – P9.06 million
  21. Gerald Anderson – P7.7 million
  22. Kim Chiu – P7.2 million
  23. Toni Gonzaga – P6.63 million
  24. Solenn Heussaff – P7.23 million


by jml