The implementation of the Value-Added Tax (VAT) Refund for Non-Resident Tourists Law is expected to attract more foreign visitors and position the Philippines as a premier shopping destination in Asia, the Department of Tourism (DOT) said.
Mar 25, 2025 02:48 AMThe implementation of the Value-Added Tax Refund for Non-Resident Tourists Law is expected to attract more foreign visitors and position the Philippines as a premier shopping destination in Asia, the Department of Tourism said.
Signed by President Ferdinand Marcos Jr. in December 2024, Republic Act No. 12079 allows foreign tourists to claim VAT refunds on goods worth at least P3,000, provided the items are taken out of the country within 60 days from the date of purchase. She cited data from the World Travel and Tourism Council showing that the Philippines leads ASEAN in per capita tourist spending at $2,073 per visitor, underscoring the potential of the VAT refund system to further boost revenue from high-value travelers.
She also recognized the collaboration of government agencies and private sector stakeholders in advancing policies that enhance the country’s appeal to international travelers.
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