Marcos admin to earn ₱28B from tax measures next year

Tax measures enacted during the Marcos Jr. administration are expected to raise a net amount of ₱27.8 billion in 2026, more than seven times the projected collections of only ₱3.8 billion in 2025.

- BY DERCO ROSAL

The Bureau of Internal Revenue (BIR), the main tax agency, is projected to collect P21.4 billion next year from the 12-percent value-added tax (VAT) on digital services, a jump from just P3.6 billion this year, 2026 budget documents showed.

For the remaining years of the current administration, collections from this tax measure are forecast to increase by 6.5 percent to P22.8 billion in 2027, and by seven percent to P24.4 billion in 2028.

On top of this, the mining fiscal regime law is expected to contribute P5.8 billion in 2026. Department of Finance (DOF) Secretary Ralph G. Recto said earlier that this will soon be signed into law by President Ferdinand Marcos Jr.

Revenues from this tax measure are projected to increase by five percent to P6.1 billion in 2027, and by another 4.9 percent to P6.4 billion by the end of 2028.