Philippines proposes hike in sugar tax


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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