The House of Representatives has overwhelmingly approved on third and final reading the measure creating a value-added tax (VAT) refund program for foreign tourists. (Ellson Quismorio/ MANILA BULLETIN) Passed on the strength of 304 affirmative votes during plenary session Monday night, March 6 was...
President Ferdinand Marcos R. Marcos Jr. has accepted recommendations from the private sector to extend e-Visa upon arrival to Chinese and Indian nationals and the implementation of VAT Refund Scheme for Tourists (VRST) to further boost tourism in the country. In a statement, the Private Sector...
A House of Representatives panel has approved the substitute bill for the value-added tax (VAT) refund for outbound tourists, a proposal already approved in principle by President Ferdinand "Bongbong" Marcos Jr. (Ellson Quismorio/ MANILA BULLETIN) The currently unnumbered measured was passed on...
The Philippines’ tourism industry will experience a boost once the proposed implementation of the value-added tax (VAT) refund program for foreign tourists is implemented, Sen. Sherwin Gatchalian said on Friday, February 17. Gatchalian, chairman of the Senate Committee on Ways and Means, said he...
The proposed Value-Added Tax (VAT) Refund Program for foreign tourists has moved forward in the House of Representatives. Albay 2nd district Rep. Joey Salceda (left) and President Ferdinand "Bongbong" Marcos Jr. (Facebook) This, after the Albay 2nd district Rep. Joey Salceda-led Committee on Ways...
The Value-Added Tax (VAT) Refund Program for foreign tourists, which was recently approved by President Ferdinand R. Marcos Jr., is a welcome development. The program, which is set for implementation in 2024, is among the proposals the Private Sector Advisory Council (PSAC) presented to Marcos to...
Several senators on Monday, January 30 said they are amenable to the government's move to grant Value-Added Tax (VAT) refunds to foreign tourists but stressed the need for public consultations on the matter. Senator Nancy Binay said she welcomes President Ferdinand “Bongbong” Marcos Jr.’s...
President Ferdinand "Bongbong" Marcos Jr. has approved the recommendation to implement the Value-Added Tax (VAT) Refund Program for foreign tourists by 2024 to boost tourist arrivals in the country. TOURISTS enjoy the sunset at world-famous Boracay Island in Malay town, Aklan province. (Tara Yap)...
Distribution firms must set up refund facility -- ERC By Myrna M. Velasco The country’s power distribution utilities (DUs) are being mandated to set up "restricted fund" which they can readily tap into for the implementation of refund to customers. This contingency is in preparation in case a...
The Civil Aviation Authority of the Philippines (CAAP) should ensure that the thousands of passengers who were pestered by the technical glitch at the Ninoy Aquino International Airport (NAIA) over the weekend would be able to get a full reimbursement. Albay 2nd district Rep. Joey Salceda...
The Department of Education (DepEd) will meet with the representatives of the Colegio De San Lorenzo (CDSL) as part of its efforts to ensure that learners who will be displaced due to its closure will be assisted. DepEd / MANILA BULLETIN DepEd Spokesperson Michael Poa told the reporters on...
Bagong Henerasyon (BH) Party-list Rep. Bernadette Herrera has called on the Energy Regulatory Commission (ERC) and the Manila Electric Company (Meralco) to offer more refunds and rebates to consumers, on top of the long-sought unbundling of fuel prices. “If there are any more refund or rebate...
