Also, the Finance department is proposing a unified P72.93 excise tax rate on e-cigarettes and heated tobacco products beginning in 2027. Novel tobacco products would be taxed at P72.93 per two grams or two milliliters, while devices used for heated tobacco, vapor and novel tobacco products would be subject to a P150-per-unit levy. The changes to e-cigarette and novel tobacco taxes are expected to generate average additional revenues of P8.26 billion annually. The DoF is proposing a P150-per-kilogram excise tax on sando bags, labo bags and sachets, subject to 5% annual indexation. WEALTH TAXESThe package also proposes an update on “wealth taxes,” particularly excise taxes on automobiles and nonessential goods, including private aircraft.