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Philippines: VAT Exemption for the Import of Drugs and Medicines

Description

On 22 January 2020, the Philippines exempted VAT on the import of drugs and medicines for cancer, mental illness, tuberculosis, and kidney diseases through the issuance of Republic Act No. 11467. The ...

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Intervention Details

Intervention Type

Internal taxation of imports

MAST Chapter

F: Price-control measures, including additional taxes and charges

Implementation date

01 Jan 2023

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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