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FAST-TRACK RELEASE OF IMPLEMENTING RULES ON VAT-FREE MEDICINE – ANGARA

Senator Sonny Angara has called on government to fast-track the release of the implementing guidelines on the value-added tax (VAT) exemption of medicines under Republic Act 10963. Under the law, “sale of drugs and medicines prescribed for diabetes, high cholesterol, and hypertension” shall be exempt from VAT beginning January 1, 2019. Such provision was introduced […]