NextGen Day

The Bureau of Internal Revenue (BIR) should consider imposing additional taxes on luxury items and cosmetics rather than junk food, suggested Senator Raffy Tulfo on Sunday.

Tulfo emphasized that the poorest individuals rely heavily on affordable food items, which they view as necessities rather than luxuries, for survival. He pointed out that even junk food is consumed as a complement to rice.

Tulfo expressed concern that imposing additional taxes on inexpensive food items could deprive the poor of their means to satisfy their hunger.

Instead, Tulfo urged the BIR to focus on luxury items such as food supplements, protein bars, energy bars, slimming drinks, and cosmetic products.

According to Secretary Benjamin Diokno, under the proposed tax program, the Department of Finance plans to introduce a PHP10 per 100 grams or PHP10 per 100 milliliters tax on pre-packaged foods lacking nutritional value next year. This would apply to confectioneries, snacks, desserts, and frozen confectioneries that exceed specified fat, salt, and sugar content thresholds.

Diokno stated that the junk food and sweetened beverage tax is part of a proactive approach by the Department of Finance and the Department of Health to address diabetes, obesity, and non-communicable diseases associated with poor diet.

The sweetened beverage tax rate under the Tax Reform for Acceleration and Inclusion law is also set to increase to PHP12 per liter, regardless of the type of sweetener used.

The implementation of the junk food and sweetened beverage tax package is projected to generate an additional PHP76 billion in the first year and lead to a 21 percent reduction in the consumption of junk food, according to Diokno.

Save/Share this story with QR CODE

---

Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

Need to get in touch?

Feel free to Contact NextGenDay.com for comments, suggestions, reviews, or anything else.

---

We appreciate your reading. Simple Ways To Say Thanks & Support Us:
1.) GIVE A TIP. Send a small donation thru Paypal
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

---

AFFILIATE PARTNERS

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

---