Foreign tourists, hindi na kasama sa VAT;
VAT refund ng mga dayuhang turista, hindi bababa sa P3-K
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VAT refund ng mga dayuhang turista, hindi bababa sa P3-K
For more news, visit:
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Watch our News Programs, every Mondays to Fridays
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6:00 - 6:30pm | 9:30 - 10:00 pm
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NewsTranscript
00:00To boost the economy of the Philippines, foreign tourists are no longer included in the value-added tax or VAT.
00:08This is the latest news in the report of Gab Villegas.
00:14Foreign tourists are no longer included in the value-added tax or VAT.
00:17This is to boost the economy of the country.
00:20Foreign tourists can now return the VAT to their purchase that is not less than P3,000.
00:26The VAT refund includes clothes, electronics, shoes, food and non-food consumables, souvenirs, and other personal items.
00:34According to Finance Secretary Ralph Ecto, the refund system will be simple and fair.
00:39It will also be available through cash or online.
00:44The Department of Finance and the Japan International Cooperation Agency, or JICA,
00:48signed five financing agreements that will provide funds for important projects in infrastructure, health, and climate change initiatives.
00:55Japan promised P46.34 billion or equivalent to almost P17.67 billion for the Davao City Bypass,
01:03P45.76 billion or P17.45 billion for the Pasig-Marikina River Channel Improvement Project Phase 4.
01:12P14.48 billion or P5.52 billion for the Cavite Industrial Area Flood Risk Management Project.
01:20P35 billion or P13.35 billion for the Climate Change Action Programme Sub-Programme 2
01:27and P30 billion or P11.44 billion for Universal Health Care.
01:33Export revenues of the services sector of the country continue to be stable despite challenges in selling products abroad.
01:41According to DTI Director Bianca Sikimte,
01:447.5% of services exports in 2024 reached US$52 billion from US$48 billion in 2023.
01:55On behalf of Denisse Osorio, Gab Humilde Villegas for Pambansang TV in Pagong, Philippines.