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Bill proposes VAT exemption for medicine

A MEASURE has been filed in the House of Representatives seeking to grant a value-added tax (VAT) exemption to both generic and branded medicine.

“Given the rising cost of living today, price controls on medicine will not make it affordable,” TGP Party-list Representative Jose J. Teves, Jr. said of his House Bill No. 8565.

Source: bworldonline.com

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