RA 12079 aims to boost tourism and encourage more foreign tourists to shop and spend more in the Philippines. The IRR states that foreigners may apply for a VAT refund for locally purchased goods ...

MANILA, Philippines — The government expects inbound tourism to further pick up following the signing of the implementing rules and regulations (IRR) for the value-added tax (VAT) refund for ...

The legislation establishes a Value-Added Tax (VAT) refund system for non-resident tourists, aiming to encourage higher spending among foreign visitors and align the Philippines with other leading ...

MANILA, Philippines — The retail ... signing of rules to implement the value-added tax (VAT) refund for foreign tourists. “This will encourage more tourist spending, which means more revenue ...

“For this law to succeed, two things must happen: We need a fully functional VAT refund system and a surge in inbound tourism,” he said. The Department of Tourism reported that the Philippines ...

MANILA -- Foreign tourists visiting the Philippines ... rolls out the VAT Refund for Non-Resident Tourists law. “With a multiplier effect of 1.97, every 100 pesos spent by a tourist generates ...

MANILA: The Philippines is now value-added tax (VAT)-free for foreign tourists ... The move aims to boost tourism and encourage foreign tourists to shop and spend more in the Philippines, thereby ...

Officials on Monday signed the implementing rules and regulations for the VAT Refund for Non-Resident Tourists ... The signing was witnessed by Tourism Secretary Christina Garcia-Frasco, and Office of ...