INQUIRER.net: Liquor makers cry double taxation, sue to stop new rule

INQUIRER.net Philippine News for Filipinos

Liquor makers cry double taxation, sue to stop new rule Jan 13th 2013, 18:40 A group of manufacturers of alcoholic beverages has asked the courts to stop the Department of Finance and Bureau of Internal Revenue from implementing a new regulation that  purportedly taxes both raw materials and the finished product, resulting in double taxation.   The Distilled Spirits Association of the Philippines Inc. (DSAPI) said in a complaint filed in the Manila Regional Trial Court last week that "in addition to the excise tax already paid on ethyl alcohol, new revenue regulations impose a separate excise tax on compounded liquor produced from the tax-paid ethyl alcohol."   The DSAPI, as well as Destileria Limtuaco and Co. Inc., Emperador Distillers... Keep on reading: Liquor makers cry double taxation, sue to stop new rule Media files: sin-taxes.jpg (image/jpeg)

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