The Philippines’ tourism industry will experience a boost once the proposed implementation of the value-added tax (VAT) refund program for foreign tourists is implemented, Sen. Sherwin Gatchalian said on Friday, February 17.
Such practice, commonly known as VAT refund, is common across the globe, particularly in Europe and Southeast Asia, to attract foreign tourists, Gatchalian pointed out.
Source: mb.com.ph
Latest Posts in "Philippines"
- Recto Warns VAT Cut Could Trigger Credit Downgrade, MUP Bill Costs ₱141B
- Recto Warns VAT Cut Could Increase Debt, Risk Credit Downgrade
- Senior Citizens Partylist Backs VAT Removal on Electricity for Filipino Households
- BIR Prohibits Lumping Low-Value Purchases for Philippine Input VAT Claims
- Economists Warn Scrapping VAT Could Trigger Fiscal and Economic Crisis
