Salt tariff collections surge over 260% in 2024
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PS20250312_5Excerpt
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.
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Arcalas, J. E. (2025, March 12). Salt tariff collections surge over 260% in 2024. The Philippine Star, p. 5.
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- The Philippine Star [2318]