House measures taxing plastics, digital services pass on third reading - BusinessWorld Online

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PRIORITY legislation taxing single-use plastics, foreign digital service providers, as well as a bill reforming the tax regime on passive income, were approved on third reading at the House of Representatives on Monday.

Voting 255-3, the House approved House Bill 4102, which seeks to impose an excise tax of P100 per kilogram on single-use plastic bags.

Albay Rep. Jose Ma. Clemente S. Salceda said the measure is expected to raise P9.3 billion in revenue. “While we want to regulate the use of plastic bags for environmental concerns such as reducing pollution, this proposed measure will just be an additional burden to consumers, sellers, and retailers,” Ms. Brosas said during plenary.

Mr. Salceda, who also chairs the House ways and means committee, said the measure is expected to generate P19 billion in revenue.

Source: Law Daily Report (lawdailyreport.net)

 

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