VAT refund for foreign tourists: PH may lose over P4B in revenue annually
MANILA, Philippines — Implementing a value-added tax (VAT) refund scheme for foreign tourists will result in a foregone revenue amounting to P4.1 billion in revenue. Department of Finance (DOF) Domestic Finance Group Director Rowena Sta. Clara bared this figure during the Senate ways and means committee hearing on the bills seeking the creation of a […]
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