Summary
RMC No. 62-2020 publishes the “List of Prescription Drugs and Medicines for Diabetes, High-Cholesterol and Hypertension Exempt from VAT Beginning January 27, 2020”, provided by the Food and Drug Administration of the Department of Health.
Key points
- VAT-exempt list. The list names prescription drugs and medicines for diabetes, high cholesterol and hypertension that are exempt from VAT beginning January 27, 2020.
Deadlines and effectivity
- VAT exemption starts January 27, 2020
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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