Senator Sherwin Gatchalian has sought the passage of a measure that would institutionalize the creation of a value-added tax (VAT) refund program for foreign tourists in the country.
“With the hope of revitalizing our local tourism industry and driving overall economic growth, it is time we incentivize tourists into spending more money in the country,” Gatchalian said when he filed Senate Bill No. 2023 last week before Congress goes on a break.
Source: newsinfo.inquirer.net
