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The domestic plastics industry has been alarmed by the passage in the Lower House of HB 9147 (Single-Use Plastic Products or SUPs Regulation Act) and HB 9171 (Plastic Tax Act), imposing P20 per kg. excise tax on plastic bag products, which seek to curb the plastic waste problem.
Published June 10, 2021, 7:00 AM The domestic plastics industry has opposed a bill that seeks to impose P20 excise tax for every kilo of plastic bags removed from the Customs territory or from a factory and called for a win-win solution that will protect jobs and local manufacturing. In a statement, the Philippine Plastics Industry Association (PPIA) cited the several points against House Bill No. 9171 that will severely affect many industries, and the overall economy. PPIA President Danny Ngo has called for an Economic Impact Assessment before passing the bill since many industries will be severely affected, and the overall economy as well resulting in higher costs of products. ....
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