#floodcontrolscandal — Public Fediverse posts

Philippines Supreme Court Upholds Law Granting VAT Refund To Foreign Tourists

Remember the law granting value-added tax refund (VAT refund) to foreign tourists signed a few years ago? That law was challenged and recently the Supreme Court of the Philippines upheld the constitutionality of Republic Act 12079 (the act creating a VAT refund mechanism for non-resident tourists), according to a news report by GMA News.

To put things in perspective, posted below is an excerpt from the report of GMA News. Some parts in boldface…

The Supreme Court (SC) has upheld the constitutionality of a law that grants value-added tax (VAT) refunds on select local purchases by non-resident foreign tourists.

In a 30-page decision, the SC En Banc dismissed a petition challenging the validity of Republic Act 12079, or an act creating a VAT refund mechanism for non-resident tourists, adding Section 112-A to the National Internal Revenue Code.

“Granting VAT refund to foreign tourists was not arbitrarily done. It is a policy decision based on legitimate state interests, i.e. the need to remain competitive as a global tourist destination,” the SC said.

“In fine, foreign tourists may be granted privileges and benefits that are not extended to Filipino citizens, so as long as these distinctions are based on reasonable and justifiable classifications, as in here,” it added.

According to the SC, the VAT refund applies to goods brought from duly accredited stores and taken out of the country within 60 days from purchase. The goods must be priced at least P3,000 per transaction.

Meanwhile, the SC said Section 5 of the law’s implementing rules and regulations limit the refund to retail and tangible goods, including clothing, apparel, electronics, gadgets, jewelry, accessories, souvenirs, food or non-food consumables, and other items intended for personal use.

The petitioner, however, argued that the law violates the constitutional guarantee of equal protection as it excludes Filipino citizens.

For its part, the SC said equal protection does not require identical treatment for all persons.

It said the act also distinguishes foreign tourists from Filipino citizens.

According to the SC, the VAT refund system follows the basic rule of VAT that goods are taxed where they are consumed. If the goods are consumed in the Philippines, they remain subject to Philippine VAT.

Meanwhile, the SC added that VAT refund for foreign tourists is a well-established international practice.

“The Philippines is among the last few countries in Asia to adopt such a system. Our Asian neighbors, Indonesia, Malaysia, Singapore, Thailand, Vietnam, China, and Japan have long implemented this VAT refund mechanism for foreign tourists,” it said.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you agree with the Supreme Court’s decision on the law about VAT refund for foreign tourists? Apart from the VAT refund for foreign tourists, what problems that plagued the Philippine tourism industry should the government solve this year?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

BPI Customers Can Withdraw And Deposit Cash At Grocery, Convenience Stores And Other Commercial Joints

Customers of Bank of the Philippine Islands (BPI) are able to withdraw and deposit cash at grocery, convenience stores and other commercial joints thanks to the a newly launched campaign between the bank and over a thousand partner stores, according to a news report by GMA News.

To put things in perspective, posted below is an excerpt from the report of GMA News. Some parts in boldface…

The Bank of the Philippine Islands (BPI) on Wednesday launched its “Himala” campaign, allowing customers to withdraw and deposit cash at 1,369 partner stores, including grocery and convenience stores.

The service effectively turns participating outlets into “mini BPI branches,” enabling customers to complete cash transactions without visiting a physical bank branch.

The partner network includes Robinsons Retail Holdings Inc. (RRHI) stores such as Robinsons Easymart, Robinsons Supermarket, Shopwise, The Marketplace, Robinsons Department Store, Toys “R” Us, and Uncle John’s.

The service is also available at non-RRHI outlets, including Amesco, Fitmart GenSan, CVM Pawnshop, Falcor Marketing, Prince Retail, Prince Warehouse, Rodamel Drugstore, Savers Depot, Tacurong Fit Mart Inc., and Tambunting Pawnshop.

Customers can generate a barcode through the BPI app for cash deposits and withdrawals, then present it at any participating store for processing. They may also send the barcode to another person, who can use it to deposit or withdraw cash at a partner outlet.

Customers may deposit or withdraw a minimum of P100 through the partner network. Deposits are limited to P10,000 per barcode and P50,000 per day, while withdrawals are capped at P10,000.

Select services, including account opening and applications for BPI products, are also available through the bank’s network of 8,000 retail partners, which includes pharmacies and gas stations nationwide.

According to BPI Agency Banking head Rally Jereza, the Ayala-led lender is in talks to onboard more partner stores, with the goal of expanding the network to 10,000 outlets within the year.

“For now, I’m satisfied with 8,000 because we want to encourage people to use [the service]. But in terms of expanding, with existing BPI clients, corporate clients… it’s easy to expand. Right now, we just want to be able to maximize all of those footprints,” he said.

Jereza said the initiative also supports BPI’s “May BPI Dito” campaign, which aims to make the bank’s services available in as many locations as possible.

“What began in 2023 as product application points has evolved into a fully integrated banking ecosystem. Every phase—from enabling transactions on tablets to barcode withdrawals and now barcode deposits—was built to ensure safety, simplicity, and trust,” he said.

“This is not just expansion; it is a redefinition of what a bank can be in the digital age,” he added.

BPI said it has onboarded more than one million new-to-bank customers through its agency banking network and aims to increase the figure to 10 million.

Let me end this post by asking you readers: What is your reaction to this recent development? If you are a BPI customer, have you experience the convenience of doing important transactions at the grocery or at the convenience store lately?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco