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House panel OKs tax exemptions for LGU vaccine procurement

(Daniel Schludi / UNSPLASH / MANILA BULLETIN) House Bill No. 8648 or the proposed “Emergency Vaccine Procurement Act of 2021” filed by House Speaker Lord Allan Velasco, Majority Leader Martin Romualdez and Minority Leader Joseph Stephen Paduano primarily seeks to amend certain provisions under Republic Act No. 9184 or the “Government Procurement Reform Act.” Under the measure, the LGUs’ procurement, importation, storage, transport, distribution and administration of COVID-19 vaccines shall be exempted from customs duties, value added tax (VAT), excise tax and other fees, provided that the vaccines purchased would only be distributed to residents and constituents not for commercial distribution. The bill was originally approved by the House Committee on Appropriations but was later referred to the ways and means panel for the approval of the tax provision.

House panel OKs tax exemption for COVID-19 vaccines bought by LGUs

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