One significant addition recently introduced in our tax laws is Republic Act (RA) 12079, which provides Value-added tax (VAT) ...

The Bureau of Internal Revenue (BIR) has issued the updated list of value-added tax (VAT)-exempt medicines for various ...

Buying video games on Steam may become more costly for Filipino gamers as a 12% value-added tax (VAT) takes effect starting June 1.

Philippines – Foreign tourists coming to the Philippines may now avail of value-added tax (VAT) refunds. Finance Secretary Ralph Recto, Customs Commissioner Bienvenido Rubio, and Internal ...

The government expects inbound tourism to further pick up following the signing of the implementing rules and regulations for the value-added tax refund for foreign tourists.

An uneven playing field is said to be hurting traditional sellers. The Philippine Retailers Association (PRA) wants the ...

ONLY purchases for personal consumption made in brick-and-mortar stores accredited by a government-appointed contractor are covered by the new value-added tax (VAT) refund program for foreign tourists ...

Steam, the popular online gaming platform, will implement a 12% value-added tax (VAT) on all purchases in the country ...

THE Department of Tourism (DoT) said tourism revenue is expected to rise this year, aided by the new tax refund for tourists. “2024 was a banner year for Philippine tourism, with international ...

Officials on Monday signed the implementing rules and regulations for the VAT Refund for Non-Resident Tourists, which would allow foreign tourists to apply for a value-added tax refund for locally ...

MANILA: The Philippines is now value-added tax (VAT)-free for foreign tourists, with the signing of the implementing rules and regulations for the VAT Refund for Non-Resident Tourists, the ...