Excise taxes collected from sin products in January and February has hit P18.46 billion, which is 37.36 percent higher than the sin taxes collected in the same time last year, according to the Bureau of Internal Revenue (BIR).
Data released by the BIR and the Department of Finance (DOF) also indicated that excise tax collections in January and February exceeded the government’s target of P16.19 billion for the first two months of the year.
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