#floodcontrolscandal — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #floodcontrolscandal, aggregated by home.social.
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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
#ASEAN #Asia #AssociationOfSoutheastAsianNationsASEAN #BankOfThePhilippineIslandsBPI #Bing #BongbongMarcos #business #businessNews #CarloCarrasco #ChatGPT #corruption #DepartmentOfTourismDOT #economicConfidence #economicDynamism #economicGrowth #Facebook #floodControlScandal #foreignTourists #foreignVisitors #geek #GMANetwork #GMANews #Google #GoogleSearch #governance #holiday #Instagram #internationalVisitors #Investagrams #justice #law #Marcos #news #Philippines #PhilippinesBlog #Pinoy #PresidentMarcos #publicService #RepublicActNumber12079RA12079 #socialMedia #SoutheastAsia #SupremeCourt #tax #taxation #taxes #technology #tourism #tourismBlog #tourist #touristBlog #tourists #travel #travelBlog #Twitter #vacation #valueAddedTaxVAT #VATRefund #Visitors #WordPress #WordPressCom #worldTravel -
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
#ASEAN #Asia #AssociationOfSoutheastAsianNationsASEAN #BankOfThePhilippineIslandsBPI #Bing #BongbongMarcos #business #businessNews #CarloCarrasco #ChatGPT #corruption #DepartmentOfTourismDOT #economicConfidence #economicDynamism #economicGrowth #Facebook #floodControlScandal #foreignTourists #foreignVisitors #geek #GMANetwork #GMANews #Google #GoogleSearch #governance #holiday #Instagram #internationalVisitors #Investagrams #justice #law #Marcos #news #Philippines #PhilippinesBlog #Pinoy #PresidentMarcos #publicService #RepublicActNumber12079RA12079 #socialMedia #SoutheastAsia #SupremeCourt #tax #taxation #taxes #technology #tourism #tourismBlog #tourist #touristBlog #tourists #travel #travelBlog #Twitter #vacation #valueAddedTaxVAT #VATRefund #Visitors #WordPress #WordPressCom #worldTravel -
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
#ASEAN #Asia #AssociationOfSoutheastAsianNationsASEAN #BankOfThePhilippineIslandsBPI #Bing #BongbongMarcos #business #businessNews #CarloCarrasco #ChatGPT #corruption #DepartmentOfTourismDOT #economicConfidence #economicDynamism #economicGrowth #Facebook #floodControlScandal #foreignTourists #foreignVisitors #geek #GMANetwork #GMANews #Google #GoogleSearch #governance #holiday #Instagram #internationalVisitors #Investagrams #justice #law #Marcos #news #Philippines #PhilippinesBlog #Pinoy #PresidentMarcos #publicService #RepublicActNumber12079RA12079 #socialMedia #SoutheastAsia #SupremeCourt #tax #taxation #taxes #technology #tourism #tourismBlog #tourist #touristBlog #tourists #travel #travelBlog #Twitter #vacation #valueAddedTaxVAT #VATRefund #Visitors #WordPress #WordPressCom #worldTravel -
New Philippines Domestic Tourism Program Launched With Over 3,000 Travel Deals
In what is clearly a serious attempt by the Department of Tourism (DOT) to boost domestic tourism a lot, the new program Discover More To Love was recently launched with more than three thousand travel deals from varied hotels, tour operators and airlines, according to a news report by the Manila Standard.
To put things in perspective, posted below is an excerpt from the report of the Manila Standard. Some parts in boldface…
The Department of Tourism (DOT) launched a new campaign offering more than 3,000 travel deals from hotels, tour operators, and airlines to boost domestic travel during off-peak months and support local businesses.
The campaign, named “Discover More to Love,” runs from July to November 2026 to stimulate year-round travel, sustain bookings, preserve jobs, and strengthen local economies during the industry’s traditional lean period.
The initiative serves as an extension of the country’s official tourism brand, “Love the Philippines,” rather than a replacement.
Travelers can access discounts of up to 70 percent from more than 70 hotels and resorts through the Hotels Sales and Marketing Association. The campaign also features more than 250 nationwide travel packages alongside discounted fares from carriers Philippine Airlines, Cebu Pacific, AirAsia Philippines, and Sunlight Air.
Online platforms AirAsia MOVE and Klook are providing exclusive deals, while Mastercard offers special payment privileges for cardholders. Travelers can access the promotional room packages, staycation deals, dining credits, and flexible booking options directly through the department’s enhanced website at http://www.tourism.gov.ph.
Tourism Secretary Dita Angara-Mathay said the agency wants to evolve the initiative through feedback from travelers and industry partners.
Let me end this post by asking you readers: What is your reaction to this recent development? Do you support the DOT’s renewed focus on domestic tourism?
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
#ASEAN #Asia #AssociationOfSoutheastAsianNationsASEAN #Bing #BongbongMarcos #business #businessNews #CarloCarrasco #ChatGPT #ChineseTourists #corruption #DepartmentOfTourismDOT #DiscoverMoreToLove #DitaAngaraMathay #domesticTourism #domesticTourists #domesticTravel #economicConfidence #economicDynamism #economicGrowth #Facebook #floodControlScandal #foreignTourists #geek #Google #GoogleSearch #governance #holiday #homosexualTourists #Instagram #Investagrams #localTourists #ManilaStandard #Marcos #news #Philippines #PhilippinesBlog #Pinoy #PresidentMarcos #publicService #sexTourists #socialMedia #SoutheastAsia #technology #tourism #tourismBlog #tourist #touristArrivals #touristBlog #touristDestinations #touristSpots #tourists #travel #travelBlog #Twitter #vacation #WordPress #WordPressCom #worldTravel -
S&P Global Slashes Philippines GDP Growth Forecast
In its latest analysis and assessment, S&P Global predicts weaker gross domestic product (GDP) growth for the Philippines at 4.1% this year, according to a news report by BusinessWorld.
To put things in perspective, posted below is an excerpt from the report of BusinessWorld. Some parts in boldface…
The economic drag from the Middle East-war driven oil shocks and last year’s flood control mess fallout could slow the Philippines’ growth to 4.1% this year, S&P Global said.
In its latest economic outlook for Asia-Pacific, the debt watcher cut its gross domestic product (GDP) growth forecast for the Philippines to 4.1% for this year, from 5.8% previously.
S&P Global Asia-Pacific Chief Economist Louis Kuijs and Senior Economist Vishrut Rana noted that the Philippines emerged as a laggard in the region, which was largely resilient at the start of the year.
“Asia-Pacific economic growth largely held up in early 2026. In the first quarter, GDP growth met or exceeded expectations in most economies, with generally solid contributions from both exports and domestic demand,” Mr. Kujis and Mr. Rana said.
“However, growth significantly lagged expectations in the Philippines, where the energy shock combines with a sharp reduction in public infrastructure spending related to misutilization of funds,” they added.
In the first quarter, the economy unexpectedly grew by 2.8%, its weakest growth since the COVID-19 pandemic, due to spiraling oil prices and the lingering effects of last year’s corruption scandal.
The S&P economists noted that countries in the Asia-Pacific, including the Philippines, are heavily reliant on oil imports from the Middle East, which made them vulnerable to disruptions in the region’s key energy facilities and the Strait of Hormuz.
Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the government has any plans to stimulate economic growth? Do you see the GDP of the Philippines growing at a slower rate over the next several quarters? Do you think the economic managers of the current administration should be replaced?
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
#ASEAN #Asia #AssociationOfSoutheastAsianNationsASEAN #Bing #BongbongMarcos #CarloCarrasco #ChatGPT #corruption #economicForecast #economicGrowth #economics #economy #EconomyOfThePhilippines #Facebook #finance #floodControlScandal #GDPGrowth #geek #Google #GoogleSearch #governance #grossDomesticProductGDP #Instagram #Investagrams #jobs #Marcos #money #news #Philippines #PhilippinesBlog #Pinoy #PresidentMarcos #publicService #SPGlobal #socialMedia #SoutheastAsia #technology #Twitter #WordPress #WordPressCom -
Pinoys join ‘Jinggoy’s Corruption vs You Through the Years Challenge’ with throwback posts on his past cases