The Private Sector Advisory Council (PSAC) said implementing the Value-Added Tax (VAT) refund program for non-resident ...

The retail industry is expecting to see a revenue boost following the signing of rules to implement the value-added tax (VAT) ...

Foreign tourists can now avail of value-added tax (VAT) refunds in the Philippines, the Department of Finance (DOF) said ...

MANILA, Philippines — The government expects inbound tourism to further pick up following the signing of the implementing rules and regulations (IRR) for the value-added tax (VAT) refund for ...

The Implementing Rules and Regulations (IRR) were signed by Finance Secretary Ralph G. Recto, Bureau of Customs (BOC) ...

Department of Tourism (DOT) Secretary Christina Garcia Frasco has expressed optimism that the newly implemented Value-Added ...

According to the recently signed Implementing Rules and Regulations (IRR) of Republic Act No. 12079, or “An Act Creating a VAT Refund Mechanism for Non-Resident Tourists,” a copy of which was ...

Finance Secretary Ralph Recto said on Monday that Republic Act No. 12079, or the VAT Refund for Non-Resident Tourist, which President Marcos signed late last year, could generate almost double in ...

FINANCE Secretary Ralph G. Recto said the law offering value-added tax (VAT) refunds for tourists will have a multiplier effect on the economy equivalent to nearly double actual visitor spending. Mr.

That’s the simple formula for growth,” Recto said. Nonresident tourists or foreign passport holders may apply for a VAT refund from accredited stores for locally purchased goods worth at least ...

Foreign passport holders may apply for a VAT refund for goods purchased from accredited stores that are worth at least P3,000 MANILA, Philippines – Foreign tourists coming to the Philippines may ...

Photo: Hong Phuc / Tuoi Tre Samsung Electronics HCMC CE Complex (SEHC) has not received value-added tax (VAT) refunds of more than VND582 billion (US$22.9 million), causing difficulties in the company ...