Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. The idea of a value-added tax (VAT) is a foreign concept to most Americans. That puts us in the ...

Only VAT registered individuals or companies may apply for a VAT refund. However, the burden of proof is upon the taxpayer claiming for a refund. Unfortunately, BIR may deny any appeal for a refund.

The status quo of the EU's VAT refund market does little to accomplish the purpose of refunding the VAT to tourists, which is to boost spending. EU countries need to embrace a new generation of ...