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BIR exempts from VAT 21 medicines for cancer, diabetes, TB, others

The Bureau of Internal Revenue (BIR) has exempted from value-added tax (VAT) several medicines for cancer, diabetes, hypertension, kidney disease, mental illness, and tuberculosis.

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Lumagui: BIR Exempts From Value-Added Tax 21 Medicines For Cancer, Diabetes, Hypertension, Kidney Disease, Mental Illness, And Tuberculosis

BIR exempts 59 drugs for Cancer, Hypertension, High Cholesterol, Diabetes, Mental Illness, Tuberculosis, Kidney Disease from VAT

Bureau of Internal Revenue Commissioner Romeo D. Lumagui Jr. recently issued Revenue Memorandum Circular 72-2023 exempting from VAT certain medicines for Cancer, Hypertension, High Cholesterol, Diabetes, Mental Illness, Tuberculosis and Kidney Disease. This is an update to the list of VAT - Exempt Products under Republic Act No. 10963 (TRAIN…

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