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In January 2020, the Philippines increased a tax imposed on alcohol products to 22 percent of the net retail price. What type of tax is this?
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Sep 21, 2023
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In January 2020, the Philippines increased a tax imposed on alcohol products to 22 percent of the net retail price. What type of tax is this?
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Horbags
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The ad valorem tax on distilled spirits is 22 percent of the net retail price, and the specific tax is P42. 00 per proof liter. For all types of wines, the excise tax is P50.
Vikas Gupta
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Sep 23, 2023
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Answer:
hyper tax
Step-by-step explanation:
Assad Yaqoob
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Sep 27, 2023
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