Summary
RMC No. 115-2021 publishes the full text of letters from Undersecretary Charade B. Mercado-Grande of the Department of Health with updates to the list of VAT-exempt COVID-19 products under Republic Act No. 11534.
CollapseExpand
Key points
- Letters published. One letter, dated October 18, 2021, has an addendum to the List of VAT-Exempt Drugs and Vaccines Prescribed and Directly Used for COVID-19 Treatment. Another, dated October 19, 2021, comes with the updated copy of that list.
- Relation to RMC No. 81-2021. This circular updates and supplements RMC No. 81-2021, which published the consolidated list of VAT-exempt products. That list controls the VAT exemption under Sections 109(1)(AA) and 109(1)(BB) of the Tax Code.
Deadlines and effectivity
- Letters dated October 18, 2021 and October 19, 2021
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.