Some of the tax measures that President Ferdinand “Bongbong” Marcos Jr. is pushing may face rough sailing in the Senate, Sen. Francis “Chiz” Escudero said on Thursday, July 27. Some of these tax measures, Escudero said, may even be blocked, especially if they will cause misery to an already...
Senator Sherwin Gatchalian said he is optimistic that the Philippines has the potential to boost its reputation as a shopping destination. Sen. Sherwin Gatchalian (Senate PRIB Photo) This, once the proposed measure...
Senator Sherwin Gatchalian on Wednesday, June 14 said he is optimistic that the bill seeking to provide a value added tax (VAT) refund for non-resident tourists would be would approved on third and final reading by the Senate when it resumes regular sessions next month. Gatchalian, chairman of the...
Senator Manuel “Lito” Lapid has called for the passage of a bill seeking to further provide discounts to senior citizens, by giving them the five percent discount on water and electricity bills. Lapid, in filing Senate Bill No. 2169, also proposed that senior citizens be exempted from the 12...
House Senior Deputy Speaker and Pampanga 2nd district Rep. Gloria Macapagal-Arroyo (Rep. Arroyo's office) House Senior Deputy Speaker and former president Gloria Macapagal-Arroyo has credited an unpopular law signed during her administration for the economic growth being enjoyed by the province of...
Senator Sherwin Gatchalian (Senate PRIB) Senator Sherwin Gatchalian wants to boost foreign tourist arrivals in the country and create more jobs with the establishment of a mechanism for the refund of value-added tax (VAT). “To be truly competitive with its peers in the Asia Pacific region, the...
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...
