- VAT exemption announced for certain medicines in the Philippines
- Aims to reduce healthcare costs and improve access
- Applies to medicines for cancer, diabetes, dialysis, hypertension, high cholesterol, and mental illnesses
- Announced by the Department of Finance on June 13, 2025
- Part of the president’s universal healthcare directive
Source: kpmg.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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