- 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"
- Philippines President Approves VAT Refund Program to Boost Tourism by 2024
- Philippine Court Clarifies Input VAT Refunds for Zero-Rated Sales in Outsourcing Services Case
- Philippine Court Denies VAT Refund for Singapore Firm Due to Insufficient Documentation
- Philippines Launches VAT Portal for Non-Resident Digital Service Providers to Simplify Compliance
- Philippine Supreme Court Grants VAT Refund to PEZA Firm for External Purchases
