Lawmakers in the Philippines have proposed the levying of additional taxes on soft drinks and other carbonated beverages in a bid to discourage the regular intake of such drinks, which they believe pose health risks.
Congressman Danilo Suarez has filed House Bill 595, which recommends a 10% ad valorem tax on the flavoured or colored syrups exclusively used in producing soft drinks.
In addition to this, Congressman Abraham Kahlil Mitra has filed House Bill 5034, which classifies carbonated drinks and other non-alcoholic beverages as non-essential goods. As provided for under Section 150 of the National Internal Revenue Code of 1997, non-essential goods are levied with a 20% excise tax.
Under House Bill 5034 carbonated drinks include soft drinks, carbonated bottled water, and energy, sport or isotonic and nutraceutical drinks.
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