Sari-sari store owners are asking senators to hold off further excise tax hikes, saying that cigarette sales make up as much as 30 percent of their daily revenues.
Kapisanan ng mga Sari-sari store sa Pilipinas president Francis Manuel said that reducing consumption through higher excise taxes could drive many small stores out of business.
Manuel also said that during a Senate Ways and Means Committee hearing last January, the KASAPI members already pleaded with senators to hold off any plan to increase the excise tax on cigarettes and alcohol products to protect their main source of livelihood. They said that since excise taxes on sweetened beverages were increased last year, prices of these products increased from 30 percent to 100 percent.
KASAPI said the impact of the fuel tax increase last year was also felt by store owners as this increased the prices of goods sold in their stores resulting in as much as 20 percent of sales dropping.
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