Photo Release

EXEMPTING RAW SUGAR FROM VALUE ADDED TAX: Senator Serge Osmeña III, chair of the Senate Ways and Means Subcommittee on Raw Cane Sugar, talks to sugar stakeholders led by Crystal Sugar, Inc. president Pablo Lobregat (standing 2nd from left) and Philippine Sugar Millers Association president Francisco Varua (standing 2nd from right) during a Senate hearing, Wednesday morning, on a proposal to exempt raw cane sugar from the value added tax (VAT). Osmeña, who filed a bill proposing to exempt raw sugar from the value added tax to lower its prices in the market, said that the pass-on nature of VAT would mean additional cost for the consuming public. (PRIB Photo by Cesar Tomambo/30 September 2015)