Philippines: Excise duty on alcoholic beverages may increase by 10.4% in 2024

In the Philippines, excise taxes on alcoholic beverages could increase by 10.4 per cent in 2024.

The Philippine Bureau of Internal Revenue has reportedly included an increase in excise taxes on alcoholic beverages and tobacco products by 10.4 per cent in its proposed expenditure budget and funding sources for 2024.

find out more: https://malaya.com.ph/news_business/sin-tax-to-yield-p309b/?amp