List Of VAT-Free Medicines Is Now Out
The list for the VAT-free medicines is now out as the government rolled out the tax exemption on the sale of medicines for diabetes, high cholesterol, and hypertension. The 12% VAT on prescription drugs will be removed as mandated by the Tax Reform for Acceleration and Inclusion Act, or TRAIN law.
The Department Of Finance (DOF) will be cascading the said list in all Food and Drug Authority-licensed drugstores, hospital pharmacies, and other authorized sellers of medicines and health products.
To ensure that thee purchases are VAT-free, the DOF advised the public to secure their receipts upon purchasing.
In a social media post, the DOF announced to the public that the list can be accessed through this link: https://dpw.doh.gov.ph/VATExempted