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Maroc Maroc - BUSINESSMIRROR.COM.PH - A La Une - 15/Dec 16:08

High tourist spend seen to offset tax-refund loss

A senior lawmaker on Sunday called on the Departament of Finance (DOF) and Department of Tourism (DOT), the Bureau of Internal Revenue (BIR) and other concerned agencies to expedite the creation of a value-added tax (VAT) refund system for non-resident tourists to drive visitor arrivals back to or even surpass pre-pandemic levels, significantly increasing tourism revenue.

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