Under RA No. 11256, income derived from the sale of gold pursuant to RA No. 7076 are excluded from gross income for income tax purposes, and are exempt from excise taxes. RA No. 11256 took effect on 9 June 2019. RA No. 11346, which took effect on 1 January 2020, increased the excise tax on tobacco products and imposed excise taxes on heated tobacco and vapor products. It also earmarks excise taxes on sugar-sweetened beverages, alcohol products, tobacco products, and heated tobacco and vapor products to the Philippine Health Insurance Corporation (PhilHealth) for the implementation of the Universal Health Care Act of 2019. Subsequently, RA No. 11467, which also took effect on 1 January 2020, increased the excise tax on distilled spirits, wines, and fermented liquor and amended provisions introduced by RA No. 11346 imposing excise taxes on heated tobacco products and vapor products. The footnotes, in addition to simply identifying the Tax Code provisions that have been amended by the above laws, mention the original words, phrases and tax rates that have been revised. The subject headings of repealed provisions were retained for ready reference. Similarly, the TRAIN Law and RA No. 11467 provisions vetoed by the President are included and accordingly labeled. Maria Lourdes P. Lim Tax Managing Partner National Internal Revenue Code of 1997 (as amended by the TRAIN Law, RAs 11256, 11346 and 11467)