The Philippine Retailers Association (PRA) backed a value-added tax (VAT) refund scheme for foreign tourists, saying it will support international arrivals and boost the retail industry.
Paul A. Santos, PRA chairman, told reporters on the sidelines of a furniture trade show launch on May 8 that the Philippines is “one of the few countries left” that has no such VAT refund scheme.
Source: bworldonline.com
Latest Posts in "Philippines"
- 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
- Cavite Rep Files Bill to Abolish 12% VAT, Proposes Alternative Taxes
- Rep. Barzaga Files Bill to Abolish 12% VAT on All Goods and Services
