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…

Related Keywords

Romeod Lumagui Jr ,Alpha Ketoanalogues ,Drug Administration ,Bureau Of Internal Revenue ,National Internal Revenue Code ,Tax Incentives For Enterprises Create ,Department Of Health ,Taxpayer Service ,Internal Revenue ,Revenue Memorandum Circular ,Commissioner Romeo ,Tax Incentives ,Metformin Hydrochloride ,Atorvastatin Calcium ,Essential Amino Acids ,Pyridoxine Hydrochloride ,