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Philippines Department of Finance Notes Asian Development Bank Support for Tax Collection Strategy and Tax Reform Plans

12 February 2024

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Proposed Changes

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Philippines

The Philippines Department of Finance (DOF) has issued a release announcing that the Asian Development Bank (ADB) will provide support for Finance Secretary Ralph G. Recto's enhanced tax collection strategy using digital technologies for a more efficient and aggressive tax administration. The release also notes that the DOF is pushing for the passage of refined tax reform measures to boost revenue generation and that ADB is willing to extend support for these measures as well. The reforms include: the imposition of excise tax on single-use plastics (SUPs); the rationalization of the mining fiscal regime; the imposition of value-added tax on...