Monday 17 December
Dec 12, 2017 @ 18:23

Coffee, milk exempted from higher duties under new tax package

 

The staple drinks of the masses won’t be slapped higher taxes.

Congress has pushed through with its plan to raise taxes on sugar-sweetened drinks, which has been set at an additional P6 per liter of beverages using artificial sweeteners. Those using high fructose corn syrup will add P12 per liter for its selling price under the new tax reform package approved by the bicameral committee.

However, lawmakers realized the need to exempt coffee and milk from the mix, given that 90% of drinkers come from the masses.

All-natural fruit and vegetable juices, meal replacements, and drinks using coco sugar are likewise exempted from the additional levy.

Is that a fair trade-off?

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