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Walong karagdagang gamot, exempted na rin sa VAT ayon sa BIR
PTVPhilippines
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4/8/2025
Walong karagdagang gamot, exempted na rin sa VAT ayon sa BIR
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Transcript
Display full video transcript
00:00
Good news po, 8 more medicines are exempted from the value-added tax.
00:04
This is still in front of the efforts of the administration of President Ferdinand R. Marquez Jr.
00:10
to be able to deliver affordable medicines to the Filipinos.
00:13
According to the BIR, under the Revenue Memorandum Circular No. 25-2025,
00:20
VATs are being removed from some medicines for diabetes, high cholesterol, hypertension, and mental illness.
00:28
Meanwhile, the D.O.H. Food and Drug Administration is working on changes
00:34
to the VAT-exempted products under the Train Law and Create Act.
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