Bill Type
Congress Name
Full Title of Bill
AN ACT CREATING A VAT REFUND MECHANISM FOR NON-RESIDENT TOURISTS, ADDING FOR THE PURPOSE A NEW SECTION 112-A TO THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED
Short Title
VAT REFUND MECHANISM FOR NON-RESIDENT TOURISTS
Text as Filed (File)
Third Reading Copy link (HRep)
Date filed
February 22, 2023
Date Read
February 22, 2023
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
60
Session Type
Document Certification
All Information (Senate Website)
Legislative History (Senate Website)
Committee Report Senate Link
Committee Referral (Senate Website)
Senate Legis Intranet Link
Bill Status
Approved by the House on 2023-03-06, transmitted to the Senate on 2023-03-07 and received by the Senate on 2023-03-07
Committee Details
Primary Committee
House Committee Report link
House Counterpart
Date Approved on Third Reading (HRep)
March 6, 2023
Legislative History
Entitled: AN ACT CREATING A VAT REFUND MECHANISM FOR NON-RESIDENT TOURISTS, ADDING FOR THE PURPOSE A NEW SECTION 112-A TO THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED [ FIRST REGULAR SESSION, 19TH CONGRESS ] [ 2023 ] Introduced by Representatives JOEY SARTE SALCEDA, MIKAELA ANGELA B. SUANSING, ALFELITO "ALFEL" M. BASCUG, ERNESTO JR. M. DIONISIO, NELSON L. DAYANGHIRANG, et. al.; Approved on Third Reading by the House of Representatives on March 6, 2023; 3/7/2023 Sent to the Senate requesting for concurrence; 3/13/2023 Read on First Reading and Referred to the Committee on WAYS AND MEANS; 6/14/2023 Conducted COMMITTEE MEETINGS/HEARINGS; 6/22/2023 Conducted TECHNICAL WORKING GROUP; [ SECOND REGULAR SESSION ] 8/17/2023 Returned by the Committee on WAYS AND MEANS per Committee Report No. 106, recommending that it be considered in SBN-2415; 8/23/2023 Committee Report Calendared for Ordinary Business; 8/23/2023 CONSIDERED IN SBN-2415 UNDER COMMITTEE REPORT NO. 106.
Senate Legislative History
Entitled: AN ACT CREATING A VAT REFUND MECHANISM FOR NON-RESIDENT TOURISTS, ADDING FOR THE PURPOSE A NEW SECTION 112-A TO THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED [ FIRST REGULAR SESSION, 19TH CONGRESS ] [ 2023 ] Introduced by Representatives JOEY SARTE SALCEDA, MIKAELA ANGELA B. SUANSING, ALFELITO "ALFEL" M. BASCUG, ERNESTO JR. M. DIONISIO, NELSON L. DAYANGHIRANG, et. al.; Approved on Third Reading by the House of Representatives on March 6, 2023; 3/7/2023 Sent to the Senate requesting for concurrence; 3/13/2023 Read on First Reading and Referred to the Committee on WAYS AND MEANS; 6/14/2023 Conducted COMMITTEE MEETINGS/HEARINGS; 6/22/2023 Conducted TECHNICAL WORKING GROUP;
Abstract
ABSTRACT : Seeks to grant non-resident tourist a value-added tax (VAT) refund on goods purchased from accredited retailers in the Philippines if such goods are to be shipped out of the country within sixty (60) days from the date of the purchase, and the value amounts to at least Three Thousand Pesos (P3,000.00). States that the threshold may be adjusted considering the administration cost for the refund, the consumer price index, or other market conditions, as determined by the Secretary of Finance and upon the recommendation of the Secretary of Tourism and the Commissioner of Internal Revenue.
Significance