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FDA delists Covid meds, devices from VAT-exempt health products

Citing provisions of Republic Act (RA) 11534, the Food and Drug Administration (FDA) has delisted several coronavirus disease (Covid-19) medicines and medical devices from the list of health products exempted from Value-Added Tax (VAT). ....

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BiR updates list of VAT exempt drugs

The Bureau of Internal Revenue (BIR) released names of 22 additional drugs used for the treatment of six serious illnesses that are exempted from the 12 percent value-added tax (VAT).
BIR Commissioner Caesar R. Dulay came out with the list via Revenue Memorandum Circular No. 30-2022 based on a reso ....

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