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"
- Navigating Output VAT Credit Under the EOPT Act: Key Rules and Remedies for Taxpayers
- Philippine Court Denies VAT Refund for Prescription Drugs Due to Insufficient Proof of Non-Claim
- DOF Denies VAT Hike Rumors, Urges Officials to Stop Spreading Fake News
- DOF Denies VAT Hike, Urges Responsible Reporting Amid Revenue Collection Updates and Reforms
- BIR e-Invoicing Philippines 2026: Scope, Rollout, Compliance, and Technical Requirements Explained
