Meds for cancer, diabetes now VAT-exempt
The Bureau of Internal Revenue (BIR) has posted an updated list of more than 2,000 crucial medicines that have been exempted from value-added tax (VAT). As endorsed by the Food and Drug Administration (FDA), Revenue Memorandum Circular (RMC) No. 27-2026 specifies medications used for the treatment of cancer, hypertension, and other grievous conditions that require long-term […]































