The Philippines Bureau of Internal Revenue has published Revenue Regulations (RR) No. 20-2018 of 22 August 2018, which provides the implementing rules and guidelines on the imposition of Excise Tax on sweetened beverages introduced as part of the Tax Reform for Acceleration and Inclusion (TRAIN) Act (Republic Act No. 10963) ({News-2018-01-10/A/6-previous coverage}). Some of the key points of (RR) No. 20-2018 include: Sweetened beverages include non-alcoholic beverages of any constitutions (liquid, powder, or concentrates) that are pre-packaged and sealed an contain caloric and/or non-caloric sweeteners added by the manufacturer, including, but not limited to: Sweetened juice drinks; Sweetened tea; All...