Several senators on Monday said experts must be consulted on the implementation of the Value-Added Tax (VAT) Refund Program for foreign tourists in 2024 to avoid leakage in revenue collection. Senators Nancy Binay and Sonny Angara welcomed on Monday the approval of the Value-Added Tax Refund Program for foreign tourists. But Sen. JV Ejercito advised weighing its benefits.
Sources:
Latest Posts in "Philippines"
- Philippines Maintains Digital VAT Despite Trump’s Tariff Threats on American Tech Giants
- Advocacy Group Urges Complete Removal of VAT to Reduce Rising Production Costs
- Philippine BIR Clarifies Book Registration Options for New Businesses in 2025
- Philippine BIR Updates VAT Zero-Rating Requirements for RBEs’ Local Purchases
- Philippine Court Denies VAT Refund for Swiss Company’s Regional Headquarters Due to Insufficient Evidence
