Thursday, December 7, 2017
BY CARLA P. GOMEZ
Senator Juan Miguel Zubiri said further gains were reached yesterdayfor the sugar industry during the bicameral conference committee's revision of the excise tax on sugar sweetened beverages (SSB).
“It is a great victory for the industry,” he said in a text message.
The bicameral committee,aside from agreeing on PHP6 per liter excise tax forSSBs using sugar, and PHP12 per liter for High Fructose Corn Syrup, also agreed that there will be no more further tax increase for several years, he said.