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The Philippines has launched a new Value-Added Tax (VAT) refund program for foreign tourists, enhancing the country’s shopping and tourism appeal. The government’s recent implementation of the VAT Refund for Non-Resident Tourists aims to simplify the refund process for eligible foreign visitors, making it more accessible and efficient.
The new system, introduced through Republic Act 12079, allows foreign passport holders to claim VAT refunds on qualifying goods purchased from accredited stores in the Philippines. To be eligible, the purchased items must total at least P3,000 and must be taken out of the country as part of the tourist’s accompanied luggage within 60 days from the purchase date.
Finance Secretary Ralph Recto, Bureau of Customs Commissioner Bienvenido Rubio, and Bureau of Internal Revenue Deputy Commissioner Marissa Cabreros signed the implementing rules and regulations (IRR) for the VAT Refund program. The signing ceremony was attended by Tourism Secretary Christina Garcia-Frasco and Secretary Frederick Go from the Office of the Special Assistant to the President for Investment and Economic Affairs.
This initiative aims to drive consumer spending and position the Philippines as a premier global shopping destination. The VAT refunds will be processed either electronically or in cash, with the Department of Finance collaborating with internationally recognized VAT refund operators to ensure a streamlined experience for foreign tourists.
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