- Philippines grants VAT exemption on medicines for major illnesses effective 13 June 2025
- Exemption applies to medicines for cancer, diabetes, dialysis, hypertension, high cholesterol, and mental illnesses
- Finance Secretary Ralph G. Recto directed swift implementation by the Bureau of Internal Revenue
- Initiative aligns with President Ferdinand R. Marcos, Jr.’s goal of universal healthcare
- Secretary Recto previously supported laws for VAT-free medicines
- New VAT-exempt medicines list published by the Bureau of Internal Revenue on 4 June 2025
- Exemptions include specific medications for cancer, diabetes, high cholesterol, hypertension, and mental illnesses
- Government aims to reduce healthcare costs and improve access for Filipinos
Source: regfollower.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.
