Fiscal Reform

Asia·Aug 5, 2026

Manila Rolls Out Tax Overhaul to Fund Middle-Class Relief With Sin Products, Luxury Cars

The Philippines plans to raise P518.7 billion through excise hikes on sweetened beverages, plastics, and high-end vehicles to offset income tax cuts for middle earners.

By Priyanka V. Rao · 3 min ·

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Manila Rolls Out Tax Overhaul to Fund Middle-Class Relief With Sin Products, Luxury Cars