CONGRESSIONAL HEARING ON SUGAR/BEVERAGE TAX
Committee on Ways and Means chaired by Rep. Dakila Carlo E. Cua held its first hearing on the proposal by DOF to collect new taxes in lieu of the last tranche of sin taxes this year. This is the current administration’s way of making up for its promise to cut down on private and corporate taxes after assumption. Authors of the bill are spouses Rep. Horacio P. Suansing Jr. (2 nd District, Sultan Kudarat; in white long-sleeved working barong) and Rep. Estrellita Bito-Onon Suansing (1 st District, Nueva Ecija; in dark maroon dress with small polka dots). The Bill seeks to impose an excise tax of Ten Pesos (Php 10.00) on sugar- sweetened concentrate, powdered or ready-to-drink beverages per liter of volume capacity. This includes soda, fruit drinks, sport drinks, sweetened tea/coffee drinks, energy drinks and all non-alcoholic beverages. 100% pure fruit/vegetable and yogurt juices are exempted. So are meal replacement beverages and all mil...