BIR issues memorandum including 10 medicines in VAT-exempt list
The Bureau of Internal Revenue (BIR) has issued a memorandum including 10 medicines in the list of drugs exempted from value-added tax (VAT). In Memorandum […]
Bill expanding VAT for foreign streaming platforms reaches Senate floor
The bill seeking to expand the coverage of value-added tax (VAT) to non-resident digital service providers (DSP) is now up for Senate plenary debates. This, […]
BIR exempts from VAT 21 medicines for cancer, diabetes, TB, others
The Bureau of Internal Revenue (BIR) has exempted from value-added tax (VAT) several medicines for cancer, diabetes, hypertension, kidney disease, mental illness, and tuberculosis. In […]