KBL bemoans growing tax burden

KBL expects to pay between P1.5 billion and P1.7 billion in various taxes this year, including the costs of placing a biometric imprint or stamp on each unit of alcohol produced. The stamps are part of the BURS’ efforts to check that the correct tax revenue is being paid and that the products are genuine and not illicit.

From an initial position of 30 to 25 thebe per stamp per unit being paid by the alcohol industry, BusinessWeek by 2022 was informed that negotiations with the BURS had reduced this to a final range of between five and 15 thebe.