Bill has yet to be signed into law
Senate Bill No. 2415, which would allow nonresident tourists to apply for value added tax (VAT) refunds, was approved by the Senate on September 23, 2024.
Under the law, a tourist would be eligible for a VAT refund on locally purchased goods, which may be made either electronically or in cash, provided that the following requirements are met:
The bill must still be signed into law to become effective.
Read a November 2024 report prepared by the KPMG member firm in the Philippines