Latest news with #PresidentialDecreeNo.1183
Filipino Times
2 days ago
- Business
- Filipino Times
Cayetano seeks bill to abolish travel tax to boost tourism
A bill filed in the Senate seeks to abolish the travel tax, which its author described as outdated and no longer aligned with the country's economic and regional goals. Senate Bill No. 424, authored by Senator Alan Peter Cayetano, proposes the repeal of the travel tax imposed under Presidential Decree No. 1183, signed nearly five decades ago. 'It is high time to give travelers a break and allow for tourism to flourish by removing one of the barriers to travel,' Cayetano said. The senator said the measure aims to allow all Filipinos, including senior citizens and persons with disabilities, to travel more freely. He also cited studies estimating that while the government may lose around ₱4 billion in annual revenue, the country could gain up to ₱299 billion through increased tourism and consumer spending. Cayetano is also proposing to exempt nationals from ASEAN member states from paying the travel tax in line with the Philippines' commitment under the 2002 ASEAN Tourism Agreement, which calls for the phasing out of travel levies among member countries.
GMA Network
2 days ago
- Politics
- GMA Network
Senate bill eyes abolition of travel tax
A bill filed in the Senate is seeking to abolish the travel tax which has been described as "outdated" by the author. 'It is high time to give travelers a break and allow for tourism to flourish by removing one of the barriers to travel," said Senator Alan Peter Cayetano, who authored Senate Bill No. 424. The travel tax, imposed under Presidential Decree No. 1183, was signed nearly five decades ago. Cayetano said that this no longer aligns with current economic and regional goals. 'All Filipinos, especially senior citizens and persons with disabilities, must be able to travel freely, without any form of hindrance... By abolishing the travel tax, we inch closer towards realizing the freedom of movement that our fundamental law envisions for every citizen,' said Cayetano. Cayetano cited studies explaining that while the government may lose P4 billion in revenue as a result of the measure, the country's economy would earn around P299 billion through increased tourism and spending. He is also proposing exempting ASEAN nationals from the travel tax, fulfilling the Philippines' commitment under the ASEAN Tourism Agreement of 2002, which calls for the phasing out of travel levies among member states. —Jiselle Anne Casucian/ VAL, GMA Integrated News
