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DOF: New taxes to offset gaming revenue losses
Manila Bulletin
|August 19, 2025
With the online gambling sector turning into a declining industry, Finance Secretary Ralph G. Recto assured that alternative revenue sources will be “very much welcome” to offset potential losses from stricter regulations or a possible gaming ban.
“Any additional revenue stream for the national government will be very much welcome,” Recto told Congress during a budget briefing on Monday, Aug. 18. This comes as a response to concerns surrounding the online gaming industry.
Recto reiterated the imminent passage of the mining fiscal regime law and the excise tax on single-use plastics, noting that the latter would require support from Congress.
“We'd gladly work with you on that,” he said.
This story is from the August 19, 2025 edition of Manila Bulletin.
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