2 months Higher alcohol tax to lessen gov’t revenues — DSAP Higher alcohol tax to lessen gov’t revenues — DSAP
By Chino S. Leyco The Distilled Spirits Association of the Philippines (DSAP) said that it fully supports the proposed new tax structure for distilled spirits but cautioned that too much increases would lead to decreased revenues and lower yield for the government. In a position paper submitted to the Senate ways and means committee, DSAP President Olivia Limpe-Aw cited industry data and analysis showing that House Bill 1026, which slaps higher taxes on liquors, wines, beers, heated tobacco and vape products, would result in demand contraction for distilled spirits. According to DSAP, which cited a Nielsen Retail Index report between ... more