THE Bureau of Internal Revenue (BIR) said the government’s value added tax (VAT) refund for foreign tourists program, which President Ferdinand “Bongbong” Marcos Jr. announced should be in place by 2024, must be legislated and should only cover goods.
The BIR also noted that the law for VAT refund for foreign tourists should also provide regulations for retailers/merchants covered, procedure for claiming the refund, and list of requirements to be presented.
Source: panaynews.net
