The House of Representatives has overwhelmingly approved on third and final reading the measure creating a value-added tax (VAT) refund program for foreign tourists.
Passed on the strength of 304 affirmative votes during plenary session Monday night, March 6 was House Bill (HB) No.7143, titled, “An Act creating a VAT refund mechanism for non-resident tourists, adding for the purpose a new section 109A to the National Internal Revenue Code, as amended”.
Source: mb.com.ph
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