President Ferdinand “Bongbong” Marcos Jr. has approved a value-added tax refund program for foreign tourists by 2024 to attract more visitors, the PCO said. | Reuters
A fire dancer performs for tourists, who are wearing masks for protection against the coronavirus disease , on Boracay Island, Aklan province, Philippines, December 1, 2021. REUTERS FILE PHOTO
MANILA, Philippines — President Ferdinand “Bongbong” Marcos Jr. has approved a value-added tax refund program for foreign tourists by 2024 to attract more visitors, the Presidential Communications Office said on Sunday. The government collects a 12% VAT on goods consumed within the Southeast Asian country. The plan is to allow foreigners to get a VAT refund on items they are taking out of the Philippines, similar to what many other countries offer.The measure is among the proposals a private sector advisory council presented to Marcos recently to boost the tourism industry, including improving airport infrastructure and operations and promoting tourism investment, the PCO said in a statement.
Marcos has also approved the launch of an online visa this year for Chinese, Indian, South Korean and Japanese tourists, it said.
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