Drugs and medicine for diabetes, high cholesterol and hypertension are VAT Exempt
- Vibar Peña & Associates
- Aug 24, 2020
- 1 min read
Did you know that under the 2018 TRAIN Law, starting January 1, 2019, the sale of drugs and medicine prescribed for the treatment and/or prevention of diabetes, high cholesterol and hypertension is exempt from value-added tax (VAT)?
That’s 12% off your medicine bill!
To check whether your prescribed medicine is VAT exempt, see “List of Prescription Drugs and Medicines for Diabetes, High-Cholesterol and Hypertension Exempt from VAT Beginning January 27, 2020” under RMC No. 62-2020:
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