IRR ng VAT-Refund for Non-Resident Tourists Act, nilagdaan na ni PBBM
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NewsTranscript
00:00Good news!
00:01The Implementing Rules and Regulations of the VAT Refund Act has been passed.
00:06For non-resident tourists, in his interview on Radyo Pilipinas,
00:11DOT Secretary Maria Cristina Frasco gave the important role of the law in strengthening the economy.
00:19According to the World Tourism Organization,
00:23shopping is one of the main reasons for tourists to visit a particular country.
00:30In addition, it also provides a way for the country to be globally competitive,
00:36especially for its fellow countries in ASEAN.
00:40The same law has also been passed.
00:43In short, the law will surely help local industries and small businessmen.
00:50In terms of our local industries, this law is very important
00:56because it will provide added benefits to our tourism destinations
01:01in terms of the shopping of our local goods.
01:06It will also help our local small and medium enterprises, our creative industries,
01:14and of course, there will be more tourists
01:16because there is an added reason to come to the Philippines with a very attractive shopping scheme.