The Bureau of Internal Revenue issued Revenue Memorandum Circular (RMC) No. 71-2022 (18 May 2022) that provides guidelines on the mandatory statutory privileges of senior citizens and persons with disabilities on their online and phone call/SMS purchases, which include:
- 20% discount and exemption from value-added tax (VAT), if applicable, on: (1) medicines and medical supplies; (2) professional fees of attending physicians in all private hospitals, medical facilities, and
Source: KPMG
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