IRR ng Vat Refund Act para sa mga non-resident tourist, nilagdaan na

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Transcript

00:00The Implementing Rules and Regulations of the VAT Refund Act for Non-Resident Tourists have been passed.

00:06In a radio interview with the Department of Tourism, Secretary Maria Cristina Garcia-Frasco,

00:12she said that foreign visitors to the country will now have a VAT refund.

00:17Products purchased in the Philippines are of great help to tourism in the Philippines

00:22because according to the United Nations World Tourism Organization,

00:2550% of tourists go shopping, which is the main reason for visiting a country.

00:32Frasco added that this is also a way for the Philippines to be globally competitive, especially in ASEAN.

00:41This also allows for the Philippines to be globally competitive and especially in the ASEAN

00:47where our neighbors and competitors have also passed their own VAT refund mechanisms.

00:54In terms of our local industries, it is very important to pass this because it will give added benefits

01:03to our tourism destinations in terms of the shopping of our local goods.

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Transcript

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