The Philippine tax authority ( Bureau of Internal Revenue/BIR) has prepared a bill as a legal basis for granting VAT refund facilities to foreign tourists starting in 2024.
Head of Legal and Legislative Section BIR Attorney Brianna Kay De Los Santos said a special law was needed to regulate the granting of VAT refund facilities. Like other countries, the government needs to regulate the terms and conditions for providing VAT refund facilities.
Source: news.ddtc.co.id
Latest Posts in "Philippines"
- BIR Lets Transitioning Exporters Claim VAT Refunds
- BIR Allows Exporters to Claim VAT Refunds with Pending Zero-Rating Certifications
- Philippines Confirms December 2026 Deadline for e-Invoice Issuance
- BIR Registration and Invoicing Requirements for POS, CAS, and Sales Software
- Philippines BIR Mandates Real-Time Electronic Invoicing for Tax Compliance
