President Ferdinand Marcos Jr. has approved the implementation of the VAT Refund Program for foreign tourists by 2024 in an effort to boost tourist arrivals in the country, Malacañang said. | JeromeAningINQ /PDI
This would allow foreign tourists to get a refund on the VAT they have paid for their purchases here which they would bring back to their home countries.Travel tax, e-visas recorded 2.65 million visitors from February to December last year—much higher than the 163,879 in 2021, but still significantly lower than the prepandemic level of 8.26 million.
Taxable individuals may be charged the full travel tax of P2,700 for first-class flights and P1,620 for economy-class flights. The standard reduced travel tax for minors 2 to 12 years old, journalists whose travel is in pursuit of an assignment, and authorized individuals by the President of the Philippines is P1,350 for first class and P810 for economy class.
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