The Private Sector Advisory Council (PSAC) said implementing the Value-Added Tax (VAT) refund program for non-resident tourists will boost the competitiveness of tourism sector.
“This...
Foreign tourists can now avail of value-added tax (VAT) refunds in the Philippines, the Department of Finance (DOF) said Monday, after signing implementing rules...
Bureau of Internal Revenue Commissioner Romeo Lumagui Jr. issued Revenue Memorandum Circular No. 71-2023 and Revenue Memorandum Order No. 23-2023 both effective July 1,...
In yesterday’s Senate Ways and Means Committee hearing, Senator Win Gatchalian said the main goal of a VAT refund mechanism is to attract more tourists.
Conceding...
