- President Ferdinand Marcos Jr. will sign the VAT Refund for Non-Resident Tourists law
- The law aims to attract more non-resident tourists by offering VAT refunds
- Tourists can claim refunds when they purchase at least P3,000 worth of local goods
- The initiative is expected to boost economic growth and highlight Indigenous products
- This could enhance the competitiveness of the Philippine tourism industry
Source: manilatimes.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
