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

Description

On 8 April 2021, the Philippines issued the Bureau of Internal Revenue Regulation No. 4-2021 granted a selective tax concession to manufacturers of drugs for the treatment of the COVID-19 in the form ...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2021

Revocation date

31 Dec 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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