Global Trade Alert
Global Trade Alert

Philippines: VAT Exemption for the Import of Drugs and Medicines

Announcement

22 Jan 2020

In January 2020, the Philippines issued a regulation to exempt VAT on the importations of drugs and medicines for several diseases. 

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Number of interventions

2

0 certainly harmful

0 likely harmful

2 liberalising

List of interventions

Implementation date

01 Jan 2023

Revocation date:

No revocation date

Updated: 22 Jan 2020
Internal taxation of imports In force

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. 114...

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Implementation date

01 Jan 2020

Revocation date:

No revocation date

Updated: 22 Jan 2020
Internal taxation of imports In force

On 22 January 2020, the Philippines issued Republic Act No. 11467 to exempt VAT on the importations of drugs and medicines for diabetes, high cholesterol and hypertension. The VAT was red...

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