As For 2015 Excise Tax Collections, Virginia-type Producers Will Get P13.9 Billion, While Burley And Native Tobacco-producing Lgus Will Receive P2.5 Billion.

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Philippine Daily Inquirer / 04:55 PM October 10, 2017 The Department of Budget and Management has ordered the release of a total of P29.5 billion to tobacco-producing provinces, cities and towns as part of their share from excise taxes collected in 2011, 2014 and 2015. Local Budget Memorandum No. 76 signed by Budget Secretary Benjamin E. Diokno on Oct. 6 allowed local government units (LGUs) that produce Virginia-type cigarettes to get their P11.1-billion share from excise tax collections in 2014, while those producing Burley and native tobacco will receive P1.9 billion also from the 2014 take. Another P169.6 million was allocated to LGUs that produce Burley and native tobacco from excise tax collections in 2011. The 2011 and 2014 shares of LGUs were provided for under the 2016 national budget, the DBM said. As for 2015 excise tax collections, Virginia-type producers will get P13.9 billion, while Burley and native tobacco-producing LGUs will receive P2.5 billion. The LGU shares from the excise tax take in 2015 were covered by the 2017 budget.

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