Angara eyes ‘reasonable’ excise tax on beverages
SENATOR Juan Edgardo Angara on sugar-sweetened beverages by imposing excise tax depending on the sugar content of the beverage
The tax reform measure recently passed by the House of Representatives includes a provision imposing a P10 excise tax on every liter of sugar-sweetened beverage containing locally produced sugar, while
Angara believes that his version of the tax reform measure will be more effective in curbing the prevalence of diabetes and obesity a P10-excise tax may be too high, as this would jack up the prices of
“Experts say that to cut down the sugar consumption of Filipinos, the tax must be based on the said Angara, chairman of the Sen
Sugar-sweetened beverages include sweetened juice drinks, tea and coffee; all carbonated beverage with added sugar; flavored water; energy drinks; sports drinks; milk, juice, tea and coffee; cereal and grain beverages; and other non-alcoholic beverages that con
- sume these kind of beverages are ordinary citizens who will be greatly affected by the price in - sugar tax, this could hurt the poor consumers, the retailers, and the
While the Department of Finance estimates that the government can earn an additional P40 billion to P47 billion from the planned excise tax, Finance Undersecretary Karl Chua stressed that the inclusion of sugar tax is not primarily intended to generate more revenues but was meant to discourage consumers from buy
According to the Department of Health (DoH), consumption of sugar- sweetened beverages increases the risk of developing blood sugar disorders, obesity, diabetes, and other related diseases like bone fractures, hyperacidity,
“We will study this measure thoroughly to ensure that this will not cause undue burden to with our fellow senators and government agencies, especially the DoF and DoH, to come up with a
Based on the latest price survey of the DoF, the retail prices of one liter drinks Nestea, Tang or Eight O’
According to the Philippine Association of Stores and Carin consumers of these products are