Over five years, the Marcos Jr. administration’s priority tax reforms are seen hauling over ₱190 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 ₱4.1 billion this year, these new tax laws would rake in ₱28.8 billion next year, ₱31.7 billion in 2027, ₱34.9 billion in 2028, ₱39.3 billion in 2029, and ₱55.1 billion in 2030—totaling ₱193.9 billion.

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

From the partial ₱3.6 billion this year, collections are expected to increase to ₱21.4 billion in 2026, ₱22.8 billion in 2027, ₱24.4 billion in 2028, ₱26.3 billion in 2029, and ₱28.3 billion in 2030. These six-year revenues amount to a total of ₱126.8 billion.

The total tax haul from the imposition of 12-percent VAT on DSPs since June has reached ₱2.8 billion over the past three months, covering both business-to-business and business-to-consumer transactions.

This already accounts for 77.8 percent of the ₱3.6-billion estimate for the second half of 2025.

The Capital Markets Efficiency Promotion Act (CMEPA), including the reinstated excise tax on pickup trucks, is projected to collect ₱500 million for the rest of 2025, ₱1.6 billion in 2026, ₱2.8 billion in 2027, ₱4.1 billion in 2028, ₱6.3 billion in 2029, and ₱19.7 billion in 2030—totaling ₱35 billion.

Also, the government is expected to earn ₱5.8 billion through the enhanced mining fiscal regime in 2026.

This figure would continuously increase to ₱6.2 billion in 2027, ₱6.4 billion in 2028, ₱6.7 billion in 2029, and ₱7.1 billion in 2030. In all, five-year revenues from mining reform will reach ₱32.1 billion.

Meanwhile, the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act is seen reducing tax collections by ₱300 million this year, with forgone revenues also increasing incrementally to ₱1 billion in 2026, ₱1.7 billion in 2027, ₱2.9 billion in 2028, ₱3.6 billion in 2029, and ₱3.5 billion in 2030.

As such, net revenues from these four tax laws would reach ₱170.9 billion from mid-2025 to 2030, the DBCC report showed.

For the 20th Congress, the Department of Finance (DOF) is pushing to legislate excise tax on single-use plastics (SUPs), general tax amnesty (GTA), extension of the estate tax amnesty, and qualified domestic minimum top-up tax (QDMTT).

Slapping excise tax on SUPs could allow the government to collect ₱58 billion after five years of implementation, the DOF reported earlier. The DOF’s fiscal policy and monitoring group (FPMG) has forecast that the levy could net the government an average of ₱11.6 billion per year.

If the government also imposes a 15-percent top-up tax on large multinational enterprises (MNEs) in the Philippines, its ₱54.3 billion in average forgone revenues annually could be recouped.

Had the QDMTT already been implemented, the government could have raked in ₱48.3 billion in 2021, ₱60.5 billion in 2022, and ₱54.1 billion in 2023—totaling ₱162.9 billion across the three-year period, earlier DOF estimates showed.