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More than a tax measure

A NEW tax bill has been filed in Congress proposing to include in RA 8424, the National Internal Revenue Code of the Philippines, a R10 excise tax per liter of sugar-sweetened beverages, on top of the 12 percent value-added tax (VAT) that is now being passed on to buyers. The tax bill, filed by Rep. Horacio Suansing Jr. of Sultan Kudarat and Rep. Estrellita Suansing of Nueva Ecija is among a number of tax measures expected to be part of the new administration’s plan for a more equitable tax regime.