Tax Refund for Tourists in the Philippines


12% Value Added Tax refund for tourists in the Philippines in 2024

Good news to tourists and kababayan visiting the Philippines. President Ferdinand Marcos Jr. approved 12 percent value-added tax (VAT) refund for foreign tourists starting 2024.

The move is aimed to boost and revitalize tourism industry that was on a standstill for two years during the pandemic lockdown. Local business enterprises will also be incentivized as tourists facilities and airports gets a major facelift, according to PNA, PCO statement.

In addition to making things easy for foreign visitors, tourists from China, India, South Korea and Japan can get tourist visa online, a first for Philippine tourism.

Can Filipino balikbayan avail of the tax refund?

Yes, balikbayan who used their foreign passport to enter the country can avail of the VAT exception. They can refund the added tax upon existing the country.

vat refund signed
President Ferdinand R. Marcos Jr. meets with PSAC Tourism Sector Group at Malacañan Palace on Jan. 26, 2023. Marcos approved and signed the Value-Added Tax (VAT) refund for tourists in the country.

Latest news

- Advertisement -
laminine usa
- Advertisement -

Must read

Why Filipinos Continue to Elect Poor Leaders

Three Reasons Filipinos Continue to Elect Poor Leaders 1. Political...

Tagalog words that are no longer spoken

Traditional Tagalog words spoken during the 1800s that are...

Son of Hamas Mosab Yousef blasts Pro-Palestinians

Son of Hamas co-founder—Mosab Hassan Yousef, blasts ignorant Pro-Palestinians...

Filipino-American Mitchell Saron: Olympic Saber Fencer

Filipino-American Mitchell Saron: Olympic-Bound Saber Fence for Paris 2024 Born...

Stratford Mall Bloomingdale Closes

Stratford Square Mall Closes on April 21, 2024 Stratford Square...
laminine usa
- Advertisement -

More stories for youRELATED
Recommended to you

error: Content is protected !!