Bill granting VAT refund to foreign tourists okayed
The House of Representatives has passed on final reading a measure, which seeks to grant a value-added tax (VAT) refund to nonresident foreign tourists purchasing goods worth P3,000. Reprsentatives voted 304-4-0 to approve on third reading House Bill No. 7292, or the VAT refund mechanism, which President Marcos approved in principle earlier this year. The […]
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