Tourist VAT Refund

[OnMyWay]

8 hours ago, Freebie said:

Plus to be honest what is there to buy here thats interesting enough to seek a VAT refund.

That is what I was thinking.  A lot of people like to go to Singapore or Hong Kong to buy electronics, designer goods, jewelry, etc.  I don't think people come here to buy those things, except maybe counterfeits.

[Possum]

Of all the problems in the country Marcos decided to increase tourism by giving back to tourists the tax money they spent on what to take back home?  More political theater. Love the Philippines as no one takes these pronouncements serious.. Meanwhile, where are the onions? 

Edited January 30, 2023 by Greglm

[Kingpin]

18 hours ago, Freebie said:

what is there to buy here thats interesting enough to seek a VAT refund.

Watches. Japan has an entire industry dedicated to tax-free watches, Germany, etc, and the Philippines has Lucerne. This includes online purchases, the problem is the eventual import tax. So this would only benefit temporary tourists, in country, who would pay neither VAT nor import tax. It's a big benefit though.

[Clermont]

Your right about the knocker’s JGF, every time the government trie’s to lift the standard of the country you have knocker’s. Anyone that’s been here/or coming here for a while would have seen the difference, more so in Manila and surrounding area’s. Recently I went to a province that I hadn’t been to since before the pandemic and the old clapped out trykes were gone, the province was clean, nearly everyone wore a helmet and shoes. My wife’s nephew’s are police and the days of taking a bribe are just about over, they have a police unit going around trying to bribe the unsuspecting police and instant dismissal and charged if they do. The change is everywhere, just stop knocking and enjoy the changes. 

[gbmmbg]

So your saying if I pay a girls bar fine I can get a rebate on the way out? Sounds like a good plan to me...........lol

[Dave Hounddriver]

9 hours ago, gbmmbg said:

So your saying if I pay a girls bar fine I can get a rebate on the way out?

ONLY if you are taking her home with you 

On 1/29/2023 at 10:58 AM, Kingpin said:

The plan is to allow foreigners to get a VAT refund on items they are taking out of the Philippines

 

[Kingpin]

On 1/30/2023 at 7:36 PM, Jack Peterson said:

  if you take something home and have a tax refund ( vat) surely you will be charged import duty when you enter your own Country

You won't be charged anything because you aren't importing anything.

But it's not just tourists, there is a possible advantage for residents too.

Say you purchase a diamond ring for 500,000 php, including 60,000 VAT.

Then you leave the country and get 60,000 refunded to you*

When you return, you pay nothing.

*Not sure if it's that easy or not.

Edited May 3, 2023 by Kingpin

[Dave Hounddriver]

36 minutes ago, Kingpin said:

But it's not just tourists, there is a possible advantage for residents too.

Say you purchase a diamond ring for 500,000 php, including 60,000 VAT.

Then you leave the country and get 60,000 refunded to you*

When you return, you pay nothing.

Perhaps I am being a little thick here, but are you saying that the possible advantage for residents is you might buy that diamond ring if you get the VAT refunded but you would not buy it if the VAT was added?

I suppose anything is possible but the tourist is likely to buy it anyway, don't you think?

[OnMyWay]

9 hours ago, Kingpin said:

You won't be charged anything because you aren't importing anything.

But it's not just tourists, there is a possible advantage for residents too.

Say you purchase a diamond ring for 500,000 php, including 60,000 VAT.

Then you leave the country and get 60,000 refunded to you*

When you return, you pay nothing.

*Not sure if it's that easy or not.

These schemes are for tourists temporarily visiting, not residents.  You have to show your passport.  Of course, if you are a long term tourist, you might get it.  Permanent resident, no.

[Dave Hounddriver]

2 hours ago, OnMyWay said:

These schemes are for tourists temporarily visiting, not residents.

I am sure he knows that.  Its in the link he mentioned in January.  Sure he read where it says: "...Marcos has approved a value-added tax refund program for foreign tourists..."
 

On 1/29/2023 at 10:58 AM, Kingpin said:

"Originals plus photocopy!"