Foreign tourists can now avail of value-added tax (VAT) refunds in the Philippines, the Department of Finance (DOF) said Monday, after signing
Foreign tourists can now avail of value-added tax refunds in the Philippines, the Department of Finance said Monday, after signing implementing rules and regulations for Republic Act No. 12079.
The refund applies to retail and tangible goods, including clothing, electronics, jewelry and souvenirs. “More money spent by foreign tourists means more businesses created, more Filipino workers hired, more jobs provided, higher incomes for our people, and more revenues for the government,” he said. The IRR mandates the finance department to engage international VAT refund operators for end-to-end solutions, with refunds available electronically or in cash.
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