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President Ferdinand “Bongbong” Marcos Jr. on Monday signed the measure extending the life of Rice Competitiveness Enhancement Fund into law.During the ceremonial signing, Marcos also inked the VAT Refund for Non-Resident TouristsSenate President Francis “Chiz” Escudero said that through the signing of Republic Act No.
The new law also extends the life of the RCEF, which is sourced from the tariffs collected from rice importation, until 2031.Further, a rise in the annual allocation to the RCEF will be instituted, from the current P10 billion to P30 billion until 2031.
VAT For Non-Resident Tourists Ferdinand Bongbong Marcos Jr.
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