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Drugs for mental illness in list of VAT exemption | Reine Juvierre S Alberto

SEVERAL medicines for cancer, diabetes, hypertension, kidney disease, mental illness and tuberculosis are now exempted from value-added tax (VAT), according to the Bureau of Internal Revenue (BIR). The Bureau issued on Wednesday the Revenue Memorandum Circular 17-2024 adding 16 medicines for various diseases to the list of medications exempted from…

Cancer, diabetes, hypertension, TB drugs added to BIR s VAT-exempt list

Cancer, diabetes, hypertension, TB drugs added to BIR s VAT-exempt list
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