The specific tax rate will increase by 10 percent every year thereafter. The specific tax rate will increase by 10 percent every year thereafter. Wine products will be slapped with a specific tax of P600 per liter for sparkling wines and P43 per liter for still and carbonated wines. These rates will increase by P5 every year until the fourth year of implementation then 5 percent every year thereafter. These tax rates are expected to raise the government’s incremental revenues of P47.9 billion to P61.2 billion in the first year of its implementation.

Source: Manila Times November 13, 2019 18:01 UTC