The finance department is now studying the mechanisms of the value added tax refund scheme for tourists (VRST), particularly the modality on how the government will implement the measure starting 2024.
The finance department is now studying the mechanisms of the value-added tax refund scheme for tourists , particularly the modality on how the government will implement the measure starting 2024.
The PSAC noted that the Philippines is the only Asian country without a VRST refund scheme as it is being implemented in 69 other countries.
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