- FDA has added 15 essential medicines to the list of VAT-exempt products
- The move aims to make these medicines more affordable for consumers
- Medicines for cancer, high cholesterol, hypertension, and mental illness are included in the list
- The exemption is in accordance with Republic Act 11534
- FDA is responsible for identifying and transmitting the list of VAT-exempt health products to other agencies
Source: philstar.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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