Philippines to offer VAT refunds to boost tourism sector

President Marcos expects visitors' spending to rise as much as 30%

20241212 Ninoy Aquino International Airport.

Passengers line up at Manila's Ninoy Aquino International Airport: The Philippines welcomed 4.92 million foreign tourists from January to November this year. © Reuters

RAMON ROYANDOYAN, Nikkei staff writer

MANILA -- The Philippines will soon introduce a tax refund program for foreign visitors in an effort to bolster the country's tourism sector.

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