- Filipino Senate approves legislation for VAT refund scheme for tourists
- Tourists can get up to 85% VAT refund on eligible purchases taken out of the country within 60 days
- House of Representatives also approved the initiative
- Tourists can get unlimited VAT refunds on purchases of at least PHP3,000 per transaction
- Refunds only available to non-resident individuals with foreign passports not engaged in business in the Philippines
Source: answerconnect.cch.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Philippines"
- Philippine Court Clarifies Input VAT Refunds for Zero-Rated Sales to PEZA Entities
- Philippines Maintains Digital VAT Despite Trump’s Tariff Threats on American Tech Giants
- Advocacy Group Urges Complete Removal of VAT to Reduce Rising Production Costs
- Philippine BIR Clarifies Book Registration Options for New Businesses in 2025
- Philippine BIR Updates VAT Zero-Rating Requirements for RBEs’ Local Purchases
