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Wednesday, June 21, 2017

What Is "Asin" Tax Bill? And How It Will Affect The Prices of Noodles And Canned Goods?

In the Philippines, tax is almost everywhere, after passing a law on Sin Tax, Comprehensive Tax Reform Package is on its way, there is also a sugar tax and now, there is a proposal to impose "asin" tax on salted products.  "Asin Tax" is introduced by Masbate Representative Scott Davies Lanete that aims to discourage the consumption of products laden with salts.  Salty products may include corned beef, luncheon meat, processed meat like hotdog, junk foods like potato chips, and instant noodles.





In the Philippines, tax is almost everywhere, after passing a law on Sin Tax, Comprehensive Tax Reform Package is on its way, there is also a sugar tax and now, there is a proposal to impose "asin" tax on salted products.

"Asin Tax" is introduced by Masbate Representative Scott Davies Lanete that aims to discourage the consumption of products laden with salts.

Salty products may include corned beef, luncheon meat, processed meat like hotdog, junk foods like potato chips, and instant noodles.





According to Lanete, who is a doctor, consumption of salty foods leads to high blood pressure, that increases the risk of heart attack or stroke. Because of this, Lanete said, salt is a silent killer.

He also cited countries like Vietnam, Cambodia, Sri Lanka, Panama, Morroco, Kenya, Jordan, Uganda, Tanzania, and Suriname that imposed tax on salted products.

Currently the bill is still n the House of Representative Committee on Ways and Means.



(Below is the copy of House Bill 3719)


The bill proposes a tax of P1 on every milligram of sodium in excess of one-third of the allowable daily intake of sodium chloride as prescribed by the Department of Health.” The bill applies “on manufactured goods that have sodium chloride, or any of its derivatives, as an ingredient and which include but are not limited to canned goods, processed food, and junk food.”

Meanwhile Bayan Muna Representative Carlos Zarate calls the bill "Anti Poor" and opposed the imposition of excise tax on salted products, saying poor Filipinos will be greatly affected since the prices of noodles and sardines will increase.

Zarate explains that under the bill, one cup of noodles with a 990-milligram sodium content will be priced at P490, after the daily dietary allowance of 500 milligrams per day for adults is subtracted; a can of sardines, which has 610 mg sodium content, will be worth P110.




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