- FDA released an updated list of VAT-exempt medicines effective June 4
- The update is in line with the CREATE Act
- New VAT-exempt medicines include treatments for cancer, diabetes, high cholesterol, hypertension, and mental illnesses
- Tegafur + Gimeracil + Oteracil Potassium for cancer is now VAT-free
- Metformin Hydrochloride + Teneligliptin for diabetes is VAT-exempt
- Atorvastatin + Fenofibrate for high cholesterol is VAT-free
- Metoprolol Tartrate + Ivabradine for hypertension is VAT-exempt
- Lamotrigine for mental illnesses is now VAT-free
- Baricitinib is excluded from the VAT-exempt list
- The CREATE Act aims to make healthcare more accessible and affordable
Source: bomboradyo.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.
