President Benigno Aquino III signed into law a bill that scraps a tax on foreign airlines operating in the Philippines, a move that is expected to boost tourism, the Palace said on Thursday.
According to the Office of the Presidential Spokesperson, the removal of the three-percent Common Carrier’s Tax imposed on passengers “will reduce the prices of tickets, bring more tourists to the Philippines and generate significant job-creating activity for our tourism industry.”
The Department of Tourism, meanwhile, thanked the Senate and the House of Representatives for passing the bill to remove the Common Carrier’s Tax.
“May this enhancement serve as an invitation to international air carriers, especially those covering long-haul routes, to make the Philippines a part of their primary route offering to the world and one of their major and exciting destinations,” it said on its website.
