Philippines: Exempted VAT on the imports of drugs and medical equipment

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Description

On 8 April 2021, following the issuance of the Philippines Bureau of Internal Revenue Regulation No. 4-2021, the Philippines exempted the VAT on imported raw materials used to produce the drugs for th...

Intervention Details

Intervention Type

Internal taxation of imports

MAST Chapter

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

Implementation date

01 Jan 2021

Revocation date

31 Dec 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

sector-specific

Affected Trading Partners

Graph

Table

Affected Sectors

Affected Products

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Liberalising Trade Policy Measures

This Thread tracks liberalising trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.

Published: 04 Sep 2024

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