diff --git a/src/libs/ReportUtils.js b/src/libs/ReportUtils.js
index 9f8e138afccd..334d4f2f309e 100644
--- a/src/libs/ReportUtils.js
+++ b/src/libs/ReportUtils.js
@@ -11,6 +11,7 @@ import * as defaultWorkspaceAvatars from '@components/Icon/WorkspaceDefaultAvata
 import CONST from '@src/CONST';
 import ONYXKEYS from '@src/ONYXKEYS';
 import ROUTES from '@src/ROUTES';
+import * as IOU from './actions/IOU';
 import * as CurrencyUtils from './CurrencyUtils';
 import DateUtils from './DateUtils';
 import isReportMessageAttachment from './isReportMessageAttachment';
@@ -19,6 +20,7 @@ import linkingConfig from './Navigation/linkingConfig';
 import Navigation from './Navigation/Navigation';
 import * as NumberUtils from './NumberUtils';
 import Permissions from './Permissions';
+import * as PolicyUtils from './PolicyUtils';
 import * as ReportActionsUtils from './ReportActionsUtils';
 import * as TransactionUtils from './TransactionUtils';
 import * as Url from './Url';
@@ -1863,13 +1865,14 @@ function getReportPreviewMessage(report, reportAction = {}, shouldConsiderReceip
  * @param {String} oldValue
  * @param {String} valueName
  * @param {Boolean} valueInQuotes
+ * @param {Boolean} shouldConvertToLowercase
  * @returns {String}
  */
 
-function getProperSchemaForModifiedExpenseMessage(newValue, oldValue, valueName, valueInQuotes) {
+function getProperSchemaForModifiedExpenseMessage(newValue, oldValue, valueName, valueInQuotes, shouldConvertToLowercase = true) {
     const newValueToDisplay = valueInQuotes ? `"${newValue}"` : newValue;
     const oldValueToDisplay = valueInQuotes ? `"${oldValue}"` : oldValue;
-    const displayValueName = valueName.toLowerCase();
+    const displayValueName = shouldConvertToLowercase ? valueName.toLowerCase() : valueName;
 
     if (!oldValue) {
         return Localize.translateLocal('iou.setTheRequest', {valueName: displayValueName, newValueToDisplay});
@@ -1916,6 +1919,11 @@ function getModifiedExpenseMessage(reportAction) {
     if (_.isEmpty(reportActionOriginalMessage)) {
         return Localize.translateLocal('iou.changedTheRequest');
     }
+    const reportID = lodashGet(reportAction, 'reportID', '');
+    const policyID = lodashGet(getReport(reportID), 'policyID', '');
+    const policyTags = IOU.getPolicyTags(policyID);
+    const policyTag = PolicyUtils.getTag(policyTags);
+    const policyTagListName = lodashGet(policyTag, 'name', Localize.translateLocal('common.tag'));
 
     const hasModifiedAmount =
         _.has(reportActionOriginalMessage, 'oldAmount') &&
@@ -1964,7 +1972,13 @@ function getModifiedExpenseMessage(reportAction) {
 
     const hasModifiedTag = _.has(reportActionOriginalMessage, 'oldTag') && _.has(reportActionOriginalMessage, 'tag');
     if (hasModifiedTag) {
-        return getProperSchemaForModifiedExpenseMessage(reportActionOriginalMessage.tag, reportActionOriginalMessage.oldTag, Localize.translateLocal('common.tag'), true);
+        return getProperSchemaForModifiedExpenseMessage(
+            reportActionOriginalMessage.tag,
+            reportActionOriginalMessage.oldTag,
+            policyTagListName,
+            true,
+            policyTagListName === Localize.translateLocal('common.tag'),
+        );
     }
 
     const hasModifiedBillable = _.has(reportActionOriginalMessage, 'oldBillable') && _.has(reportActionOriginalMessage, 'billable');
diff --git a/src/libs/actions/IOU.js b/src/libs/actions/IOU.js
index 7a6c297d2cd6..acf8cab3bd6a 100644
--- a/src/libs/actions/IOU.js
+++ b/src/libs/actions/IOU.js
@@ -2953,6 +2953,10 @@ function getIOUReportID(iou, route) {
     return lodashGet(route, 'params.reportID') || lodashGet(iou, 'participants.0.reportID', '');
 }
 
+function getPolicyTags(policyID) {
+    return lodashGet(allPolicyTags, `${ONYXKEYS.COLLECTION.POLICY_TAGS}${policyID}`, {});
+}
+
 export {
     createDistanceRequest,
     editMoneyRequest,
@@ -2989,4 +2993,5 @@ export {
     replaceReceipt,
     detachReceipt,
     getIOUReportID,
+    getPolicyTags,
 };