This Is How Much Cosmetic Procedures Will Cost With the New Tax Reform Bill
Beauty comes with a price, we always hear, and its price in the Philippines just got a little steeper. The
Specifically, the reform describes the affected procedures as “those entirely focused on altering and enhancing a patient’s appearance, improving aesthetic appeal, symmetry, and proportion,” which essentially classifies liposuction, breast enhancements, and facelifts under this category. Undoubtedly, the reform will greatly affect loyal customers of well-known ambulatory aesthetic clinics such as the Belo Medical Group, The Aivee Clinic,
Recreational sailors also have no escape from the tax reform, as yachts and other leisurely vessels will all fall under the non-essential goods grouping. Before the amendment,
However swift the change, the tax reform bill doesn’t come as a total surprise, as there were already talks of increasing the taxes on cosmetic products in January this year, which Senators Risa Hontiveros and Sherwin Gatchalian opposed, stressing the discriminative nature against women, who are the main consumers in this market.
The amendment, prepared by the Committee on Ways on Means and authored by 14 senators, seeks to enable the reform bill as an accelerated solution to enable the government to fund an infrastructure program worth P8 trillion.