- The BIR announced that 2,277 medicines are now exempt from VAT in the Philippines.
- The updated VAT-exempt list was issued through RMC No. 87-2026, based on FDA endorsements under the TRAIN law and the CREATE Act.
- The move supports President Marcos Jr.’s goal of making healthcare more accessible by lowering medicine costs.
- The exempt medicines include treatments for cancer, hypertension, diabetes, mental illness, high cholesterol, kidney disease, and tuberculosis.
Source: pna.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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