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RMC No. 123-2021: Publishes the full text of letter from the Department of Health endorsing updates to the List of VAT-Exempt COVID-19 Medicines under Republic Act No. 11534

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Summary

RMC No. 123-2021 publishes the full text of a Department of Health letter from Undersecretary Charade B. Mercado-Grande endorsing updates to the List of VAT-Exempt Drugs and Vaccines Prescribed and Directly Used for COVID-19 Treatment under RA No. 11534 (CREATE Act).

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Key points

  1. Salt forms. The letter clarifies that if the salt form of a medicine in the COVID-19 VAT Exempt List is not specified, all salt forms of that drug are covered by the VAT exemption.

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.