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    Salt tariff collections surge over 260% in 2024

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    Date
    March 12, 2025
    Author
    Arcalas, Jasper Emmanuel
    Metadata
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    Classification code
    PS20250312_5
    Excerpt
    The government’s salt tariff collections more than tripled in 2024, reaching nearly P8.8 million following the implementation of a higher tariff rate, according to the Bureau of Customs. BOC data showed that the agency collected P8.79 million in tariffs from imported salt last year, marking a 261-percent increase from P2.43 million in 2023. The significant rise was attributed to the nine percent tariff rate imposed on imported salt under Republic Act 11985, or the Philippine Salt Industry Development Act.
    Citation
    Arcalas, J. E. (2025, March 12). Salt tariff collections surge over 260% in 2024. The Philippine Star, p. 5.
    URI
    http://hdl.handle.net/20.500.12174/16030
    Corporate Names
    Bureau of Customs Philippine Chamber of Agriculture and Food Inc. Philippine Statistics Authority (PSA)
    Geographic Names
    Australia China Thailand New Zealand
    Subject
    salts tariffs imports agricultural development
    Collections
    • The Philippine Star [2318]

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