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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.
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