Alcoholic beverage industry seeks simplified taxation

THE alcoholic beverage industry is looking at the possibility of simplifying the tax structure for wines and spirits in line with the overhauling of the tax system on sin products.

“There can be changes in the structures, because it’s hard to calculate based on net retail price. Maybe, the simplification of the tax?” Olivia Limpe-Aw, president of the country’s oldest distillery Destileria Limtuaco & Co. Inc., said over the weekend.