IKOT.PH
Apart from medicines for diabetes, hypertension and high cholesterol, Senator Sonny Angara will also study the possibility of exempting from the 12-percent value-added tax (VAT) all cancer medications and other available maintenance medicines in the market. Angara is the chairman of the Senate Committee on Ways and Means that deliberated and made possible the VAT […]
Senator Sonny Angara lauded government for coming out with regulations on the value-added tax (VAT) exemption of medicines but urged authorities to ensure that it is fully implemented to make essential prescription drugs accessible and affordable. The Bureau of Internal Revenue (BIR) has issued Revenue Regulations No. 25-2018 recently exempting medicines for diabetes, high cholesterol […]