Senator Win Gatchalian said the enactment of a measure that will expand the denaturing of alcohol in the country is expected to pave the way for growth in the personal care, cleaning, and health-related industries. Denaturing is the process of mixing substances with ethyl alcohol to make it undrinkable.
Gatchalian made the statement as the Senate approved on third and final reading a measure amending Sections 134 and 168 of the National Internal Revenue Code, which covers denaturing of alcohol in the country. Under existing law, only locally produced ethyl alcohol is allowed for denaturing. The proposed measure, if enacted into law, would expand denaturing to include those sourced from overseas.
Once imported ethyl alcohol is allowed to be denatured locally, the product will also be exempt from excise tax, benefiting certain enterprises that include personal care, cleaning, and health-related industries, he said.
“Oras na maisabatas, ito ay magpapahintulot sa mga mahahalagang sektor na makakuha ng mga materyales nang mas episyente, mabawasan ang gastos sa produksyon, at manatiling competitive,” ayon kay Gatchalian, chairperson ng Senate Committee on Ways and Means.
