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Philippines introduces VAT refund for foreign tourists to boost spending and economy.
The Philippine government has introduced a VAT refund scheme for foreign tourists to boost tourism and economic growth.
Foreign passport holders can apply for a refund on purchases over 3,000 pesos ($52 USD) from eligible items like clothing, electronics, and jewelry, which must be taken out of the country within 60 days.
This policy is expected to encourage more spending by tourists in the Philippines.
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Filipinas introduce el reembolso del IVA para los turistas extranjeros para impulsar el gasto y la economía.