Philippines proposes hike in sugar tax

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According to the media report, the Philippines government is mulling to hike tax on sugar to recover the losses occurred due to the coronavirus pandemic.

Tax on sugar-sweetened beverages currently stands at PHP4.50 (US$0.09) for beverages sweetened with non-high-fructose corn syrup and PHP 9.00 (US$0.18) per litre for those with high-fructose corn syrup.

Many countries, like the United Kingdom, France, Ireland, Saudi Arabia, Portugal, and as well some US states, have introduced a tax on sugary drinks over the past few years.

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