Philippine officials signed the implementing rules and regulations (IRR) for Republic Act 12079, enabling value-added tax (VAT) refunds for non-resident tourists. The measure aims to boost tourism and foreign spending to support economic growth. Under the IRR, tourists may claim VAT refunds on locally purchased goods worth at least PHP3,000, provided the items are taken out of the country within 60 days. Covered goods include apparel, electronics, jewellery, and souvenirs. Finance Secretary Ralph Recto said the refund system could nearly double the economic output per peso spent by tourists. The Department of Finance will partner with global VAT refund operators to ensure a modern, transparent process. Recto pledged to make the system simple, accessible, and aligned with President Marcos Jr.’s tourism-driven growth agenda.