VAT refund scheme eyed for tourists

By Janine Alexis Miguel

Aug 30, 2024 12:30 am

A VALUE-ADDED tax (VAT) refund for tourists could boost economic activity in the Philippines and uncover the country's potential of becoming Asia's premier shopping destination, a government official said Thursday.

Secretary Frederick Go, special assistant to the president for investment and economic affairs, said that the implementation of such a scheme could boost retail and tourism revenues.

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