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Government Reminds Public Regarding Vat Exemption on 19 Drugs - Rmn Networks
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The Bureau of Internal Revenue (BIR) has announced that the new list of drugs that will no longer be subject to Value Added Tax (VAT) is now effective, in accordance with the Revenue Memorandum Circulars issued. In Bagong Pilipinas Ngayon, BIR Commissioner Romeo Lumagui Jr. said that he intends to disseminate the Food and Drug Administration (FDA) recommendation for nine additional VAT-exempt drugs. He said these include drugs for cancer, diabet…
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