Gov’t implements law providing VAT refund for purchases of PH local products of foreign tourists
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NewsTranscript
00:00Good news for foreign visitors. The palace has announced that international tourists can now apply for a value-added tax refund or rebate on purchases made in the country.
00:10Under the VAT Refund for Non-Resident Tourists Act, foreign tourists can claim a 12% VAT refund on locally purchased items, including clothing, electronics, jewelry, accessories, souvenirs, food and more, up to 3,000 pesos per transaction.
00:26The VAT refund amounts to 360 pesos which can be reimbursed either in cash or through an electronic platform. This initiative is expected to boost local industries and generate more job opportunities for Filipinos.
00:56It is expected that only accredited stores will issue receipts so that we will not be fooled by tourists who claim to have purchased products from the Philippines.