President Ferdinand Marcos Jr.’s chief economic manager, Finance Secretary Benjamin Diokno, is looking into recommending the passage of legislation to tax single-use plastics and digital transactions.
“We are thinking of some possible tax on single-use plastics as this is part of our commitment to [address] climate change,” Diokno said at a press conference after the Development Budget and Coordination Committee’s meeting on Friday.
“In response to recent developments and on the basis of fairness, we intend to tax online purchases because if you buy a product from a regular store, you pay tax, and I think we should also pay tax [on] online sales,” he said. Diokno said that he is fine with the last two tax reform packages to be left by the Duterte administration, namely, the tax packages on real property valuation and passive income and financial taxes.
Package 3 of the CTRP or Real Property Valuation Reform "aims to promote the development of a just, equitable, and efficient real property valuation system," according to the Department of Finance.
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