More Medicines Now VAT-Exempt in the Philippines
Manila: The Bureau of Internal Revenue (BIR) has announced that 10 additional medicines for conditions such as cancer, high cholesterol, hypertension, and mental illness are now exempt from value-added tax (VAT). According to Philippines News Agency, Commissioner Romeo Lumagui Jr. issued Revenue Memorandum Circular No. 62-2025 on June 20, which further expands the list of VAT-exempt medications. The BIR aims to enhance access to essential medicines and reduce treatment costs for patients and their families through these changes. The newly exempted medicines include Tegafur + Gimeracil + Oteracil Potassium for cancer, Metformin Hydrochloride + Teneligliptin for diabetes, Atorvastatin (as calcium)