BusinessWorld E-paper
August 4, 2026
THE DEPARTMENT of Finance (DoF) is proposing a package of new and higher taxes on sweetened beverages, e-cigarettes, flexible plastic products, luxury vehicles and private aircraft to offset revenue losses from proposed personal income tax relief measures.
At a briefing on Monday, DoF Undersecretary Karlo Fermin S. Adriano said these measures are part of the proposed Promoting Growth, Revenue, and Equity towards Socio- economic Sustainability bill.
