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Showing posts with label Bayan Muna. Show all posts
Showing posts with label Bayan Muna. Show all posts

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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Tuesday, May 23, 2017

Tax To Be Imposed On House Rentals, OFW Remittances


If Tax Reform Bill pushed by the House of Representative will succeed, approximately, 1.5 million renters in Metro Manila and other parts of the country will be affected.  This is according to Representative Carlos Zarate of Bayan Muna.  According to Zarate, the Duterte Administration is planning to impose a tax on apartment and housing rentals as well as money remittances like pera padala.




(Is tax reform bill in House anti-poor? Lawmaker weighs in)

If Tax Reform Bill pushed by the House of Representative will succeed, approximately, 1.5 million renters in Metro Manila and other parts of the country will be affected.

This is according to Representative Carlos Zarate of Bayan Muna.

According to Zarate, the Duterte Administration is planning to impose a tax on apartment and housing rentals as well as money remittances like pera padala.

(Suporta ng ilang kongresista sa Tax Reform Package ni Duterte, binawi)



(Comprehensive tax reform package, lusot na sa committee level ng Kamara)

He said apartment and house rentals and remittances will be covered by the 12-percent value added tax (VAT).

If the bill is passed, people who pay less than ₱12,800 monthly for rent will have to shell out additional 12%.

Zarate gives example to those whose rents were ₱9,000 per month, for example, would have to pay an additional ₱1,080 per month — or ₱13,000 a year.

Currently, monthly rental of up to P10,000 a month is VAT-exempt.

(Watch:DOF: Tax reform package not anti-poor)





In terms of money remittance Vat, Zarate said, this will impose higher fees to be paid by workers including Overseas Filipino Workers who is sending money to their families back home.

He said the 12-percent VAT would cover formal channels like banks and remittance centers as well as pera padala through text messages.


(The World Tonight: Tax reform needed for massive infra program according to DOF)

Because of this Zarate warned President Duterte that the supposed reforms on tax would increase the prices of good and services.

“The bill is anti-poor, whom the President has repeatedly promised to protect and lift from poverty,” he said.

He said the proposed P6 tax on diesel, kerosene, liquefied petroleum gas, and bunker oil for electricity would have a “domino effect” on transportation cost, fares, consumer prices, and power rates.

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