BIR: Over 2.2K medicines are now VAT-exempt
The Philippine Bureau of Internal Revenue has expanded its list of VAT-exempt medicines to 2,277 items. This initiative aims to lower out-of-pocket healthcare costs for patients suffering from chronic and life-threatening conditions.
HEALTHCARE. A pharmacist checks the stocks at the Pambansang Botika at Bakuna para sa Mamamayan (National Pharmacy and Vaccination for Citizens) which was launched at the Social Security System head office in Diliman, Quezon City on Jan. 26, 2026. The Bureau of Internal Revenue said Wednesday (Aug. 5, 2026) that a a total of 2,277 medicines are now exempted from value added tax. (PNA photo by Joan Bondoc)
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