The Philippines has taken a step to boost tourism and enhance the shopping experience for international visitors through ...

PRESIDENT Ferdinand Marcos Jr. signed into law the VAT Refund for Non-Resident Tourists measure on December 9, 2024, aiming to boost tourism, economic growth, a ...

This Christmas season, should we really stream or use digital services and “chill” following the enactment of RA 12023 or the Value-Added Tax on Digital Services Law last Oct. 18, 2024?

This, along with many other online consumption habits, is expected to become a bit more expensive as subscription fees and other digital services are likely to increase when 12% VAT starts applying to ...

M ANILA, Philippines — Non-resident tourists will soon be entitled to a refund of the value-added tax (VAT) on local goods they purchased, as President Marcos yesterday signed into law a refund ...

Congress, in its role as the legislative branch of government, submitted numerous bills to the President for approval. Among ...

AS we usher in 2025, let’s revisit some key aspects of the 2024 tax legislation that have significantly transformed the taxation landscape in the Philippines. We welcomed the year 2024 with the ...

THE P3,000 ($51) minimum purchase requirement for nonresident tourists to qualify for a value-added tax (VAT) refund is “just right” to ensure small businesses benefit, analysts said.

More medicines for treating cancer, diabetes and mental health conditions are now exempted from the 12% value-added tax (VAT).

Indonesia's Value-Added Tax (VAT), the equivalent to Singapore's Goods and Services Tax (GST), is slated to hit 12 per cent at the start of 2025, matching it with the Philippines as the highest in ...