Republic Act No. 12079
Year:
2024
Category:
Other
Date Approved:
December 6, 2024
Summary
Plain-language AI-assisted summary — not the official text. As of July 1, 2026. Read the full text below or on the official source.
This Act establishes a VAT refund mechanism for non-resident tourists who purchase goods in the Philippines. It outlines the eligibility requirements for tourists to receive refunds on VAT for locally purchased goods taken out of the country.Full Text
Nineteeth Congress
Third Regular Session
[ REPUBLIC ACT NO. 12079, December 06, 2024 ]
AN ACT CREATING A VAT REFUND MECHANISM FOR NON-RESIDENT TOURISTS, ADDING A NEW SECTION 112-A TO THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, FOR THE PURPOSE
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
Section 1. A new section designated as Section 112-A under Chapter I, Title IV of the National Internal Revenue Code, as amended, is hereby inserted to read as follows:
Section 2. Implementing Rules and Regulations. - Within ninety (90) calendar days from the effectivity of this Act, the Secretary of Finance shall, after due consultation with the Department of Trade and Industry, Department of Transportation, Department of Tourism, National Economic and Development Authority, Bureau of Internal Revenue, and Bureau of Customs, promulgate the necessary rules and regulations to faithfully implement the intent and provisions of this Act.
Section 3. Separability Clause. - If any provision of this Act is declared unconstitutional, the remaining parts or provisions not affected thereby shall remain in full force and effect.
Section 4. Repealing Clause. - All laws, decrees, executive orders, implementing rules and regulations, issuances, or any part thereof inconsistent with the provisions of this Act are deemed repealed, amended, or modified accordingly.
Section 5. Effectivity. - This Act shall take effect after fifteen (15) days following its publication in the Official Gazette or in a national newspaper of general circulation.
Approved,
This Act was passed by the Senate of the Philippines as Senate Bill No. 2415 on September 23, 2024 and adopted by the House of Representatives as an amendment to House Bill No. 7192 on September 24, 2024.
Approved: DEC 06 2024
(SGD.) FERDINAND ROMUALDEZ MARCOS JR.
President of the Philippines
"Section 112-A. VAT Refund for Tourists. -
For purposes of this section, the term 'tourist' means a non-resident foreign passport holder."
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Republic Acts are laws passed by the Congress of the Philippines. This content is sourced from LawPhil (lawphil.net) for reference purposes. For official and authoritative texts, please refer to the Official Gazette.