Philippines
Asia
What consumer rights apply in the Philippines for expired Giftcards?
Expiry dates are prohibited, gift checks must not lapse. If an “expiry” is still applied, it is unlawful; affected parties can complain to the DTI; refunds of unused balances may be required. (senate.gov.ph)
How are Giftcards treated for tax purposes in the Philippines (VAT, single-purpose / multi-purpose)?
No EU SPV/MPV system. Under BIR practice/rulings, the sale/“float” of a gift check (by issuers/platforms) is generally not a taxable supply; VAT (12%) is due when the merchant redeems it; service/platform fees are subject to VAT. Details are reflected in BIR rulings and guidance. (Scribd)
What special rules apply in the Philippines to the sale, issuance, or redemption of Giftcards?
Under RA 10962/IRR, among other rules: no expiry date, no value reducing fees, clear information duties, replacement rules (for example, on business closure), and DTI oversight/complaint processes. Merchants/platforms must adapt processes and communications accordingly. (senate.gov.ph)
Is there a legal rule in the Philippines on the validity period of Giftcards?
Yes. Republic Act No. 10962, the “Gift Check Act of 2017”, and DTI DAO 19-03 (IRR) prohibit expiry dates and fees that reduce value. Gift checks remain valid until fully used; further protections apply (for example, if the issuer ceases operations). (senate.gov.ph)