Photo from Pixabay The Food and Drug Administration (FDA) has issued an advisory announcing the inclusion of additional medicines for cancer, diabetes, and mental health in its list of products exempt from value-added tax (VAT). In its advisory released on Monday, Nov. 25, the FDA explained the new...
The Food and Drug Administration (FDA) issued an advisory on Friday, March 8, regarding the delisting of Covid-19 medicines and devices from the list of Value-Added Tax (VAT)-Exempt Health Products. Photo from Pixabay Among the delisted medicines are various treatments for Covid-19, including...
An additional list of 20 medicines, including those that treat cancer and hypertension, has been granted exemption from the 12 percent value-added tax (VAT). Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. has issued a memorandum that will exempt 12 medicines for cancer, four for...
Senator Sherwin Gatchalian on Sunday, February 25 urged drugstores and other pharmaceuticals to implement value-added tax (VAT) exemption on specific medicines for the benefit of consumers. This after the Food and Drug Administration (FDA) approved the addition of 22 more medicines, in...
Senator Juan Edgardo “Sonny” Angara on Thursday, February 22 welcomed the Food and Drug Administration’s (FDA) latest approval of 20 new drugs that will be exempted from the value added tax (VAT). Angara said this means more Filipinos who are suffering from cancer, hypertension,...
The Food and Drug Administration (FDA) has updated the list of value-added tax or VAT-exempt drugs for various critical conditions, such as hypertension, cancer, mental illnesses, tuberculosis, kidney diseases, diabetes, and high cholesterol. (FDA) Under Republic Act 11534, effective immediately...
Department of Health (DOH) Secretary Teodoro Herbosa expressed appreciation for the Bureau of Internal Revenue's (BIR) removal of value-added tax (VAT) on 21 medicines, including those for cancer, diabetes, hypertension, and tuberculosis (TB). (DOH) "I welcomed that because these are the drugs that...
Senator Sherwin Gatchalian on Wednesday, June 14 said he is optimistic that the bill seeking to provide a value added tax (VAT) refund for non-resident tourists would be would approved on third and final reading by the Senate when it resumes regular sessions next month. Gatchalian, chairman of the...
Senator Manuel “Lito” Lapid has called for the passage of a bill seeking to further provide discounts to senior citizens, by giving them the five percent discount on water and electricity bills. Lapid, in filing Senate Bill No. 2169, also proposed that senior citizens be exempted from the 12...
Incoming Senate Minority Leader Aquilino Pimentel III today July 4 refiled a bill seeking an automatic suspension of the collection of value-added tax (VAT) and excise tax when the price of oil hits a high level in the world market. This was one of the 10 bills filed so far by Pimentel with the...
The Bureau of Internal Revenue (BIR) said Friday, Oct. 15, that only medicines and medical devices directly used for the treatment of coronavirus disease (COVID-19) are exempted from the 12 percent value-added tax (VAT) implemented last June. Bureau of Internal Revenue The BIR issued the...
