Tax hikes eyed to offset relief for workers, small biz

INQUIRER PHOTO / NIÑO JESUS ORBETA

MANILA, Philippines — The Marcos administration is weighing a series of tax increases—including higher levies on sweetened drinks, tobacco and alcohol, single-use plastics and wealth—to make up for the revenue expected to be lost under President Marcos’ tax relief plan for workers and small businesses.

The Department of Finance (DOF) plans to ask Congress to approve the measures, which are projected to raise P518.71 billion between 2027 and 2030, Finance Undersecretary Karlo Fermin Adriano said at a news conference on Monday.

READ: Increase in taxes pushed to protect youth from vices

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Tax hikes eyed to offset relief for workers, small biz

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