Tax reforms projected to generate ₱190 B

Over five years, the Marcos Jr. administration's priority tax reforms are seen hauling over P190 billion, with the recently enacted measures projected to bring incremental collections into government coffers.

- 

Based on the Cabinet-level Development Budget Coordination Committee's (DBCC) 2025 Midyear Report, published on Sept. 30, three of the four priority tax measures would generate incremental revenue starting next year, as some laws were only enacted in the middle of 2025.

From partial earnings of P4.1 billion this year, these new tax laws would rake in P28.8 billion next year, P31.7 billion in 2027, P34.9 billion in 2028, P39.3 billion in 2029, and P55.1 billion in 2030-totaling P193.9 billion.

The value-added tax (VAT) on digital service providers (DSPs) is projected to post the highest annual revenues.

From the partial P3.6 billion this year, collections are expected to increase to P21.4 billion in 2026, P22.8 billion in 2027, P24.4 billion in 2028, P26.3 billion in 2029, and P28.3 billion in 2030. These six-year revenues amount to a total of P126.8 billion.