SAP calls for excise tax exemption
BY CARLA GOMEZ
Monday, May 22, 2017
The Sugar Alliance of the Philippines is strongly opposing the proposed excise tax on sugar sweetened beverages as it will further bring the sugar industry down and is calling for a 5 to 6-year exemption at least, its spokesperson, Emilio Yulo III, said yesterday.
The Visayan Bloc is set to file an amendment to the proposed excise tax on sugar sweetened beverages today, which, if not amended could cause the sugar industry losses estimated of P7.8 billion annually, Rep. Alfredo Abelardo Benitez (Neg. Occ., 3rd District) told the DAILY STAR Friday.