Spending your holidays on a beach while soaking in the sunlight and making the most of the tropical climate seems so refreshing, right? Well, the Philippines is a paradise you don’t want to miss. And, more importantly, they have announced a tax refund that will make you want to book your next holiday in this nirvana. Recently, the President of the Philippines, Ferdinand Marcos, approved a new tax refund programme for foreign tourists. Take a look at what this tax refund is and how you can benefit from it.
The Philippines Announces Tax Refund Programme
The Philippines government collects a twelve per cent tax on commodities and goods consumed within the country. Now, they have announced a tax refund programme for foreign tourists. This proposal was approved by the President himself and the Presidential Communications Office (PCO) has released a statement confirming it. According to the reports, foreign tourists will get a value-added tax (VAT) refund on commodities that they will take out of the country. This is supposed to increase tourist footfalls and help the Philippines’ economy.
According to the released statement, the proposal is supposed to benefit the airport’s infrastructure and tourism investments. Moreover, the President has approved an online visa provision for Japanese, Indian, South Korean and Chinese tourists.
Also Read: The Curious Case Of Smuggling Onions: What Happened On The Philippines Flight?
Tourism In The Philippines
International tourism in the Philippines accounted for over two million tourists visiting the country every year. Also, the revenue collected from them comes to an estimated total of three billion dollars. Though the given numbers are less compared to the pre-pandemic years, they are a mark of the country’s boosting tourism industry. The Philippines is blessed with natural resources and scenic beauty. Sustainable tourism and adventure sports are some of the many amazing things that you can do here.
The government is taking efforts in increasing the number of foreign tourists in order to boost the economy and promote employment.
Also Read: Holiday In Philippines As It Reopens For Fully-Vaccinated International Travellers
Tell us if you have visited this heaven and what you liked about it. Also, tell us what you think about this new tax refund model in the Philippines. Comment below.
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