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In January 2020, the Philippines increased a tax imposed on alcohol products to 22 percent of the net retail price. What type of tax is this?

In January 2020, the Philippines increased a tax imposed on alcohol products to 22 percent of the net retail price. What type of tax is this?
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In January 2020, the Philippines increased a tax imposed on alcohol products to 22 percent of the net retail price. What type of tax is this?

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User Horbags
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2 Answers

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The ad valorem tax on distilled spirits is 22 percent of the net retail price, and the specific tax is P42. 00 per proof liter. For all types of wines, the excise tax is P50.
answered
User Vikas Gupta
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7.6k points
4 votes

Answer:

hyper tax

Step-by-step explanation:

answered
User Assad Yaqoob
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7.8k points
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