Pia Cayetano likely to adopt DOF version of higher taxes on liquor

MANILA, Philippines---Senator Pia Cayetano said Wednesday that she would likely adopt the proposal of the Department of Finance (DOF) to raise excise taxes on liquor products, which is higher than those recently approved by Congress. Cayetano chairs the Senate committee on ways and means, the panel in charge of tackling tax-related measures. "I have not adopted anything yet but I have an open mind to go towards the version of the DOF," Cayetano said during the Kapihan sa Manila Bay. The House of Representatives on Tuesday passed on third and final reading House Bill No. 1026 which imposes higher taxes on liquors, wines, beers, heated tobacco, and vape products. READ: House OK...

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