Last Nov. 14, the lower House approved on third reading HB 4102 that once passed into law, will impose an excise tax of P100 on every kilogram of single-use plastics removed from the place of production or released from custody of the Bureau of Customs.
While the retail price of sando bags will increase by 79.3 percent, which is expected to result in a 26.1-percent decline in volume. If passed into law, the bill will address the long-standing issue of plastic waste management by promoting the use of recyclable packaging, and ending the “throw-away culture”.
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