05.27.22
200 more medicines exempted from VAT
Further 200 medicines will be exempt from VAT following the approval of Revenue Memorandum Circular 68-2022 by BIR. These medicines are utilized for the treatment of hypertension, cancer, mental illness, tuberculosis, kidney disease, diabetes and high cholesterol, in addition to other COVID-related medicines and medical devices.
The BIR has published the full list of exempted medicines on its official website.
Browse Philippines updates
200 more medicines exempted from VAT
- VAT/G(S)ST rate information
Change in permit to use CAS
- Country updates
Postponement of e-invoicing pilot project
- Mandate information
Update on pilot project
- Mandate information
Schedule a free consultation
Let us show you how we can support your business to send 100% compliant e-invoices in 54 countries. Please provide your details and one of our team will be in touch.