00:00The Senate approved the bill that will provide a value-added tax of VAT refund to tourists.
00:06Under the bill, the VAT refund will be given to tourists who will buy local products that will not be deducted from the 3,000 pesos.
00:14In March 2023, the same bill was approved by the Camera.
00:19According to the House Waste and Means Committee, they will recommend that the Senate adopt the Camera version
00:24to speed up the adoption of the bill.
00:27Lawmakers hope that this will generate a large amount of revenue for the government
00:31because tourists who will buy local products will be more eager to buy them.
00:54For more information, go to GMA Pinoy TV and www.gmanews.tv.
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