Jinggoy Ejercito Estrada is calling for the legislation of a value-added tax (VAT) refund mechanism for foreign tourists to further boost visitor arrivals in the country.
He said this will allow foreign tourists to get a rebate of the 12% VAT on goods they bought from the Philippines, similar to the practice of other countries.
Source: manilastandard.net
Latest Posts in "Philippines"
- Philippines Grants VAT Exemption for Indigenous Natural Gas and Related Power Generation
- Understanding the Philippines’ E-Invoicing Mandate: Requirements, Timeline, and Impact on Businesses
- Senate Considers Suspending 12% VAT on Fuel Amid Soaring Prices and Economic Concerns
- BIR Grants VAT Exemption to Indigenous Natural Gas and Related Power Generation Transactions
- BIR Issues Guidelines for VAT Exemption Under Natural Gas Industry Development Act
