date:Aug 20, 2014
, according to initial data from the Bureau of Internal Revenue (BIR).
The amount is based on gross sales of top beverage companies for 2013 alone, and does not include sales from smaller beverage producers, according to BIR lawyer Euvimil Nina R. Asuncion.
Meanwhile, data from the National Tax Research Center show an P8.3-billion increase in taxes levied from soft drinks, according to Rep. Romero Miro S. Quimbo (Marikina, 2nd district), chairman of the House committee on ways and means.
Fina