Boosting Tourism Through Tax Refunds

Tourist spending in the Philippines is projected to rise by 29.8% with the implementation of the VAT Refund Law for foreign tourists, according to the Department of Tourism (DoT).

This transformative initiative positions the country as a more competitive destination in Asia, aligning with regional neighbors like Singapore, Thailand, and Malaysia that already have similar systems in place.

🎯 Why it matters:

- Encourages increased tourist spending.

- Supports local businesses and artisans.

- Generates new jobs and stimulates economic growth.

By enabling VAT refunds, we’re not just enhancing the shopping experience for international visitors—we’re paving the way for a stronger tourism sector and a more vibrant economy.

Did you know? From 2024 to 2028, this policy is expected to add PHP 3.3–5.7 billion in revenues and create up to 7,100 jobs annually.

Let’s welcome more tourists, grow our economy, and showcase the best of what the Philippines has to offer!

Credits

Carlo Chen Delantar Team Lead

Annika Henrico Researcher

Agnes Boncodin Creatives