By Philippine News Agency
President Ferdinand R. Marcos Jr. has approved the Value-Added Tax (VAT) Refund Program for foreign tourists by 2024 to boost tourist arrivals in the country.
In a news release on Sunday, the Presidential Communications Office (PCO) announced that Marcos approved the VAT Refund Program following the “Quick Wins” recommendations of the Private Sector Advisory Council (PSAC) Tourism Sector Group.
Marcos also approved the PSAC recommendation to roll out e-visa by 2023, prioritizing China and India; and the removal of One Health Pass (OHP) or requirement of one form only for health, immigration and customs.
PSAC had also recommended the revocation of outdated advisories and loud-speaker announcements in the country’s airports and the automatic inclusion of travel tax in all airline tickets.
Palace officials earlier said Marcos will issue an executive order to implement the tax refund program, which is also being carried out in other countries.
The Quick Wins proposals, which were presented by PSAC to the chief executive during a meeting in Malacañang last Thursday, are aimed at further boosting the country’s tourism industry, including improving airport infrastructure and operations, managing the national brand and image, as well as promoting tourism investments, among others.
READ the full story HERE.