Philippine FDA Expands VAT-Exempt Medications List for Non-Communicable Diseases Under New Tax Act

• The Philippine News Agency announced the FDA expanded the VAT-exempt medication list
• The expansion is under the Corporate Recovery and Tax Incentives for Enterprises Act
• The list now includes medications for diabetes
• It also includes medications for hypertension
• Medications for high cholesterol are included
• Medications for mental illness are part of the list

Source: news.bloombergtax.com

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.