14 more meds vs cancer, diabetes, TB, hypertension now VAT-free

MANILA, Philippines — The Bureau of Internal Revenue (BIR) has added 14 more medicines for serious and chronic illnesses to the list of value-added tax (VAT)-exempt drugs, following President Marcos’ announcement in his State of the Nation Address (Sona) that the roster had already surpassed 2,000. Under Revenue Memorandum Circular No. 87-2026, the BIR said