Marcos’ 2027 tax goals deemed too ambitious—BMI

Marcos’ 2027 tax goals deemed too ambitious—BMI

Fitch Solutions’ research arm, BMI, has deemed the Philippine government’s 2027 tax collection target “ambitious,” as it relies on an estimated ₱860 billion in value-added tax (VAT) collections without introducing major tax reforms to boost revenue.In an Aug. 13 commentary, BMI noted that the tax collection goal for the upcoming fiscal year “appears ambitious at first glance,” pointing to the assumption of a double-digit increase in VAT haul com…