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VAT Refund System Seen To Boost Philippine Shopping Tourism

Ayon sa DOT, ang VAT Refund System ay makakapagpalakas ng kita mula sa mga turista sa bansa.
By Society Magazine

VAT Refund System Seen To Boost Philippine Shopping Tourism

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The Value-Added Tax (VAT) Refund for Non-Resident Tourists Law would enhance the Philippines’ appeal as a shopping destination and boost economic growth by encouraging higher tourist spending, Department of Tourism (DOT) Secretary Christina Garcia Frasco said on Monday.

Her statement came following the ceremonial signing of the implementing rules and regulations (IRR) for Republic Act No. 12079 at the Department of Finance (DOF) in Manila.

Signed into law by President Ferdinand Marcos Jr. in December 2024, the measure establishes a VAT refund system that allows non-resident tourists to reclaim VAT on local purchases totaling at least PHP3,000. To qualify, the goods must be physically taken out of the country within 60 days of purchase.

“The signing of the VAT refund law by our President and the subsequent signing of the IRR therefore come at an opportune time for our country, where tourism spending is at an all-time high,” Frasco said.

According to the World Travel and Tourism Council, tourists who come to the Philippines spend the highest per capita at no less than USD2,073 in comparison with other ASEAN countries.

“And we foresee that with the implementation of this VAT refund act, we would be able to ensure more benefits for our local tourism stakeholders in the component of shopping tourism,” she added.

Frasco said the law would also positively impact the accommodations, transport, and related services sectors, driving further economic activity.

The ceremonial signing was led by DOF Secretary Ralph Recto, Bureau of Customs Commissioner Bienvenido Rubio, and Bureau of Internal Revenue Deputy Commissioner Marissa Cabreros. (PNA)