A senior lawmaker is seeking the collection of a tourist welfare tax from foreigners, the earnings from which are to augment government funds for tourism-related services.
Camarines Sur Rep. LRay F. Villafuerte filed House Bill 5285 seeking the collection of a “tourist welfare tax” of $25 from every foreigner visiting the Philippines for tourism and leisure and staying here for a period of not more 60 days. The levy shall be tucked in the cost of his or her airline ticket.
The industry performed well in 2018 and 2019 with a respective rise of 16 percent and 17 percent in tourist arrivals, but the momentum was disrupted the following year with the advent of Covid-19, he said. Villafuerte said the government imposes a travel tax on Filipinos traveling abroad without a similar imposition to foreigners visiting the Philippines, while neighboring states tax foreigners, including Filipinos, flying into their countries.
As required by the bill, these operators shall register with the Bureau of Internal Revenue as the withholding agent and remit the tourist tax collections to the BIR, as mandated by the National Internal Revenue Code , as amended. The respective Secretaries of the DOT and Department of Finance , commissioner of the BIR and director of Tieza are directed to jointly promulgate the implementing rules and regulations within 30 days from its effectivity.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
With $11.9-B maritime sector, ‘blue economy needs push’ | Jovee Marie de la CruzTo maximize the economic and social benefits of Philippine maritime industries, lawmakers called on the national government to prioritize programs that promote blue economy in the interest of national economic security. Citing the National State of Ocean and Coasts during the initial deliberations on House Bill No. 69 on Tuesday,…
Read more »
Solon moves to resolve VAT issues in indirect exports | Jovee Marie de la CruzTHE chairman of the House Committee on Ways and Means vowed to resolve value-added tax (VAT) issues among indirect exporters through a resolution and amendments to the National Internal Revenue Code. In a statement issued last Monday, House Committee on Ways and Means Chairman Joey Sarte Salceda said he directed…
Read more »
Romualdez to agri product hoarders: ‘Moderate your greed’ or face arrest | Jovee Marie de la CruzHouse Speaker Martin Romualdez on Tuesday asked profit-hungry traders manipulating or hoarding the supply and prices of agricultural products such as onion to “moderate their greed” or suffer the dire consequences. “We’ll be working closely with the Executive, with the Department of Agriculture [DA], to make sure these hoarders and…
Read more »
House brings in ADMU team to craft pro-people legislation | Jovee Marie de la CruzThe House of Representatives on Tuesday signed an agreement with the Ateneo de Manila University (ADMU) for a research partnership project to study sectors identified in the 8-Point Agenda of President Ferdinand Marcos Jr. Speaker Martin G. Romualdez expressed optimism that the chamber can expect to work on “evidence-based, people-oriented…
Read more »
Fish, egg prices up despite slowing inflation | Jovee Marie de la CruzHOUSE Committee on Ways and Means Chairman Joey Sarte Salceda on Tuesday said that January’s inflation levels will surely go down by February but that fish and egg prices will likely remain elevated throughout 2023 unless corn prices and supply improves. Salceda issued this statement as the country’s headline inflation…
Read more »
Lawmakers question ‘conflicting’ PSA and BPI data on onion supply | Jovee Marie de la CruzLawmakers on Wednesday questioned the data discrepancies between the Bureau of Plant and Industry (BPI) and the Philippine Statistic Authority (PSA), which they say might have resulted in possible hoarding and price manipulation on agricultural commodities, particularly onions and garlic. During the motu proprio inquiry of the House Committee on…
Read more »