FDA Endorses 10 More Medicines for VAT Exemption
Manila: The Food and Drug Administration (FDA) has endorsed 10 additional drug products to be included in the list of medicines that are exempt from value-added tax (VAT). In a public advisory on Wednesday, the FDA said the newly endorsed drugs address conditions representing significant public health concerns that require long-term and costly treatment. According to Philippines News Agency, FDA Advisory No. 2025-0510 noted that these include a drug for high cholesterol, two for cancer, two for diabetes, two for hypertension, and three for mental health disorders. The removal of the 12 percent VAT on these medicines reduces healthcare costs