REVENUE REGULATIONS NO. 3-2018 issued on January 15, 2018 provides the revised tax rates on Tobacco Products pursuant to the provisions of Republic Act No. 10963 (Tax Reform for Acceleration and Inclusion or TRAIN Law), amending for the purpose Revenue Regulations (RR) No. 17-2012. The provisions of Section 3 Items B(4) and B(5) of RR No. 17-2012 is amended as follows: “SEC. 3. REVISED RATES AND BASES OF THE SPECIFIC TAX. – There shall be levied, assessed and collected an Excise Tax on Tobacco Products, in accordance with the following schedule: PRODUCT DATE OF EFFECTIVITY OF TAX RATES January 1, 2018 until June 30, 2018 July 1, 2018 until December 31, 2019 January 1, 2020 until December 31, 2021 January 1, 2022 until December 31, 2023 January 1, 2024 onwards xxx B. TOBACCO PRODUCTS xxx Per Pack Per Pack Per Pack Per Pack Effective 1/1/2024, the specific tax rate shall be increased by 4% every year thereafter (4) Cigarettes packed by hand Php 32.50 Php 35.00 Php 37.50 Php 40.00 (5) Cigarettes packed by machine Php 32.50 Php 35.00 Php 37.50 Php 40.00 xxx