Mga dayuhang turista sa Pilipinas, maaari nang mag-apply ng VAT-refund sa kanilang biniling produkto

2 days ago

Mga dayuhang turista sa Pilipinas, maaari nang mag-apply ng VAT-refund sa kanilang biniling produkto

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Transcript

00:00The administration of President Ferdinand R. Marcos, Jr. has made it even more difficult for tourists in the Philippines to get help in managing the economy.

00:09This is after the foreign tourists were allowed to have VAT refunds for their products bought in the country.

00:16Clayzel Pardilla is live in the center of the news. Clayzel?

00:21Joshua can now apply for VAT refund or Balikbayad for the foreign tourists who bought products here in our country.

00:30It is expected that more tourists will be able to visit our country and be able to manage our economy.

00:40Following President Ferdinand R. Marcos, Jr.'s legislation, the VAT Refund for Non-Residents Tourists Act of December 2024,

00:52foreign tourists can now apply for Balikbayad from the products they bought.

00:59Also in Palacio, foreign tourists will be allowed to claim a 12% VAT refund for local products bought here in the country,

01:10which is worth P3,000 per transaction.

01:14That is equivalent to P360 that will be given through cash or electronic platform.

01:22This includes the products purchased, such as clothes, electronics, accessories, souvenirs, food, and other items.

01:32But it should come from accredited stores and will be exported to the country within 60 days of purchase.

01:41President Marcos' administration aims to encourage more tourists to visit our country.

01:49There are other countries that are also doing this to encourage tourists.

01:55This is just one way for more tourists to visit our country.

02:00And this can also encourage people to buy products here in our country.

02:07According to the Department of Tourism, the economic output of the country will be worth P228 billion

02:15from the spending of tourists, which is more than P4 billion that will be returned by the government.

02:23Aside from the booming economy, local producers can also benefit from this.

02:28They can produce more products, which means more jobs.

02:33Not only in the Philippines, this program is being implemented, but also in Europe, Canada, Japan, and Australia.

02:41President Marcos' administration has assured a solid VAT refund system.

02:50Accredited stores should issue receipts so that tourists who buy products from the Philippines will not be deceived.

03:05Joshua can claim VAT refunds from accredited stores

03:09and VAT refund operators should show their receipts and bring their foreign passports.

03:17That is the latest news from Malacanang.

03:21Back to you, Joshua.

03:24Thank you very much, Razel Pardilla.

Mga dayuhang turista sa Pilipinas, maaari nang mag-apply ng VAT-refund sa kanilang biniling produkto

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