Philippine Senate Passes Bill for VAT Refunds on Tourist Purchases, Effective September 30, 2024

• 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.

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