Group echoes sugar millers’ stance vs new taxes on food
A consumer advocacy group echoed the opposition of sugar millers on the Finance Department’s recommendation to levy additional taxes on high-sodium food products and sugary drinks.
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A consumer advocacy group echoed the opposition of sugar millers on the Finance Department’s recommendation to levy additional taxes on high-sodium food products and sugary drinks.
By Michael J. De La Merced
The government must index tax rates to inflation and modernize fiscal incentives given to certain industries, which account for over P100 billion in foregone revenues, to be able to meet its annual collection targets, the Department of Finance (DOF) said on Tuesday.
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