Philippine Central Bank Chief Says More Taxes May Help Economy This tax rate will be indexed annually by 4% and will remove exemptions to broaden the tax base and discourage consumption of such beverages. The government also aims to increase the sweetened beverage tax rate under an existing tax law to 12 pesos per liter, regardless of the type of sweetener used, he said. ![]() The Department of Finance is planning to impose a tax of 10 pesos ($0.18) per 100 grams or 10 pesos per 100 milliliters on pre-packaged food lacking nutritional value, including snacks, desserts, and frozen confectioneries, that exceed the Department of Health’s specified thresholds for fat, salt and sugar content, Finance Secretary Benjamin Diokno said in a mobile-phone message to reporters. (Bloomberg) - The Philippines is pursuing plans to tax junk food and hike levies on sweetened beverages to boost revenue and reduce incidence of diabetes, obesity and other diseases linked to poor diet.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |