Medicines exempted from value-added tax (VAT) | Unang Balita
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NewsTranscript
00:00This is the good news from the Bureau of Internal Revenue for those who have maintenance medicines.
00:0615 medicines have been added to those that will be removed from the value-added tax.
00:12Some of the medicines for hypertension and for those with high cholesterol are included in that list.
00:19This means that the price of those medicines will go down.
00:22There are no more vats for some medicines for cancer and medicines for mental disorder.
00:29We were able to remove some medicines from the value-added tax last January and March.
00:59For more information, visit www.ISGlobal.org