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flag Philippines introduces VAT refund for foreign tourists to boost spending and economy.

flag The Philippine government has introduced a VAT refund scheme for foreign tourists to boost tourism and economic growth. flag 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. flag This policy is expected to encourage more spending by tourists in the Philippines.

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