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Additional Medicines Granted VAT Exemption

  • The Bureau of Internal Revenue expanded the VAT-exempt list, adding nine medicines for cancer, kidney disease, tuberculosis, hypertension, and diabetes, following endorsements from the Food and Drug Administration.

  • Newly exempted medicines include tablets, powders, solutions, capsules, and dialysis solutions; earlier in April, eight drugs for hypertension, mental illness, diabetes, and high cholesterol were also added to the list.

Source: qa.philstar.com

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