Economy

Tax junk food, House told 

FREEPIK

THE DEPARTMENT of Health (DoH) on Wednesday asked the House of Representatives to pass bills that will tax junk food and those that have high salt, fat and calorie content.  

The tax would hopefully force Filipinos to eat healthy food, Health Undersecretary Kenneth G. Ronquillo told a congressional hearing.  

The agency also wants lawmakers to increase the excise tax on tobacco products and sweetened beverages.  

The Finance Department in May said the Tax Reform for Acceleration and Inclusion Act, tax amnesty programs, and “sin” tax laws raised P228.6 billion last year. — MCLM

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:

TheProficientInvestor.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top