21 drugs for common ailments now VAT-free
Health Secretary Teodoro Herbosa on Wednesday welcomed a Bureau of Internal Revenue (BIR) memorandum circular that exempted from the 12-percent value-added tax (VAT) a total of 21 medicines used to treat various illnesses, some of these life-threatening, as this would make them more accessible to the public. The BIR memorandum covered medications for diseases such
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