Philippines to supply value-added tax refund to overseas vacationers by 2024

The measure is among the many proposals a personal sector advisory council offered to Marcos just lately to spice up the tourism trade, together with enhancing airport infrastructure and operations and selling tourism funding, the PCO stated in an announcement.

Marcos has additionally permitted the launch of a web-based visa this 12 months for Chinese language, Indian, South Korean and Japanese vacationers, it stated.

The Philippines recorded 2.65 million worldwide guests final 12 months, who introduced in an estimated $3.68 billion in income, exceeding its 2022 goal of 1.7 million vacationers, based on the Division of Tourism.

Final 12 months’s complete comprised of two.02 million overseas nationals and 628,445 Filipinos primarily based overseas, which in contrast with solely 163,879 vacationers recorded in 2021 and was nonetheless considerably decrease than the pre-pandemic annual degree of 8.26 million.

The federal government goals to spice up customer arrivals this 12 months to 4.8 million vacationers.


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