By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
MANILA, Philippines – The Marcos administration has lowered its tax revenue target for 2026 as slower economic growth amid headwinds from the Middle East war tempered the government’s overall collection outlook.
Latest figures from the Development Budget Coordination Committee (DBCC) showed that the government’s tax collection target for 2026 was reduced by nearly 1 percent to P4.442 trillion from the previous P4.473 trillion.
READ: BIR topped revenue target anew in May
The revised figures were approved during the DBCC’s 193rd meeting in June, replacing the goals adopted during its 192nd meeting in December.
