- The BIR expanded VAT-exempt medicines to 2,277 by adding 14 new drugs under RMC No. 87-2026.
- The move is intended to reduce healthcare costs for Filipinos, especially those with chronic illnesses, in line with President Marcos Jr.’s directives.
- The FDA-endorsed list now covers seven major disease categories, including cancer, hypertension, diabetes, mental illness, high cholesterol, kidney disease, and tuberculosis.
- BIR Commissioner Charlito Martin R. Mendoza said the expansion helps families lower out-of-pocket expenses and sustain treatment.
Source: pia.gov.ph
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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