Announcement
08 Apr 2021
In April 2021, the Philippines exempted VAT on the imports of drugs, medical equipment, and raw materials to produce drugs and personal protective equipment to mitigate the impact of the COVID-19 pandemic.
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Number of interventions
4
2 certainly harmful
0 likely harmful
2 liberalising
List of interventions
Implementation date
01 Jan 2021
Revocation date:
31 Dec 2021
Updated: 08 Apr 2021
Tax or social insurance relief
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 fo...
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Updated: 08 Apr 2021
Tax or social insurance relief
On 8 April 2021, the Philippines issued the Bureau of Internal Revenue Regulation No. 4-2021 granted a selective tax concession to manufacturers of Personal Protective Equipment (PPE) in the form o...
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Implementation date
01 Jan 2021
Revocation date:
31 Dec 2021
Updated: 08 Apr 2021
Internal taxation of imports
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 drug...
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Updated: 08 Apr 2021
Internal taxation of imports
On 8 April 2021, the Philippines issued the Bureau of Internal Revenue Regulation No. 4-2021 to exempt the VAT on imports of drugs and medical equipment used for the treatment of the COVID-19 pande...
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