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BIR releases updated list of VAT-exempt medicines for cancer, hypertension, and mental illness

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Bureau Of Internal Revenue,VAT-Exempt Medicines,Cancer

The Bureau of Internal Revenue issues a new memo exempting certain medicines for cancer, hypertension, and mental illness from value-added tax (VAT). This is an update to the list of VAT-exempt drugs and medicines.

The Bureau of Internal Revenue releases an updated list of certain VAT-exempt medicines for cancer, hypertension, and mental illness. The BIR issued a new memo exempting from value-added tax (VAT) certain medicines for cancer, hypertension, and mental illness.

This is an update to the list of VAT-exempt drugs and medicines of the National Internal Revenue Code of 1997, as amended by the TRAIN Law and CREATE Act.

 

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