Changes to Duty Free Philippines under new tourism bill

Nicole Mezzasalma

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The company will be responsible for the duty- and tax-free merchandising system in the Philippines following the changes

The government of the Philippines has approved a bill to establish a national policy on tourism to make it a major industry in the country. Among the changes proposed by the Tourism Act 2008 is the reorganisation of retailer Duty Free Philippines to handle the duty- and tax-free merchandising system in the nation, reported local television channel GMA News. The company will also be renamed Duty Free Philippines Corporation (DFPC).

The report added that DFPC’s P$500m ($10.3m) capital will be fully subscribed by the national government while the bill determines its funding will come from income generated internally.