Philippines: List of VAT-free medicines for hypertension, diabetes out

MANILA, Philippines — The government is now all set to implement the value-added tax exemption on sale of medicines for diabetes, high cholesterol and hypertension starting January 1 now that the list of VAT-free drugs is out. The removal of 12 percent VAT on prescription drugs used to treat cardiovascular diseases and diabetes was mandated by the Tax […]

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