Philippines' Sugar Tax Hike: Doubts Linger Over Health Benefits
Philippines policymakers are debating whether to tax sugar-sweetened beverages based on sugar content rather than volume. The proposed Progressive Growth, Revenue, and Equity towards Socio-Economic Sustainability (Progress) bill seeks a 233% tax hike, raising questions about its effectiveness in improving public health.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Apeco Seeks Share of Canada's P105-B Indo-Pacific Investment
The Aurora Pacific Economic Zone and Freeport Authority (Apeco) in Casiguran, Aurora, Philippines, is targeting Canadian investments in infrastructure, clean energy, and defense manufacturing, aligning with Ottawa's P105-billion Indo-Pacific strategy. Apeco is promoting these opportunities through investment roadshows in Montreal and Calgary.
- Philippines Eyes End to Tax Break on Low-Cost Imports
The Philippine Department of Finance is considering the removal of the tax exemption on imported packages worth less than P10,000, known as the 'de minimis' rule. This move aims to boost government revenue and protect local manufacturers, potentially impacting cross-border e-commerce and consumers.
- APECO to Pitch Energy Infrastructure Contracts in Canada
The Aurora Pacific Economic Zone and Freeport Authority (APECO) will pitch energy companies in Alberta, Canada, to build power infrastructure for its economic zone. The pitch is set for the Alberta-Philippines Trade & Investment Event in Calgary on November 5.
- Philippines Seeks IMF Help on Review of De Minimis Import Tax Exemption
The Philippines' Department of Finance is seeking assistance from the International Monetary Fund (IMF) to review the "de minimis" rule, which exempts low-value imports from taxes. The department faces challenges in estimating revenue due to difficulties in valuing shipments and is cautious about the timing of any potential removal of the exemption.