Senator Jinggoy Ejercito Estrada has called on lawmakers to consider legislating a value-added tax (VAT) refund mechanism for foreign tourists to boost visitor arrivals in the Philippines. | ManilaBulletin
Senator Jinggoy Ejercito Estrada has called on lawmakers to consider legislating a value-added tax refund mechanism for foreign tourists to boost visitor arrivals in the Philippines.
“Kung tataas ang benta ng mga locally made products, hindi lang ang mga MSMEs ang makikinabang dito dahil kaakibat ng paglago ng negosyo nila ay ang pagbubukas o pagbibigay ng trabaho sa ating mga kababayan ,” the senator said. Under the measure, tourists shall be eligible for a VAT refund on goods costing at least P3,000 purchased from authorized retailers in the country, within 60 days from the date of purchase.
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