The Bureau of Internal Revenue's central office in Quezon City. Mark Demayo, ABS-CBN News/File

Harlene Delgado

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/173460098094420180111-bir-central-office-5306-md-3.webp" class="fr-fic fr-dib" alt="The Bureau of Internal Revenue&#x27;s central office in Quezon City. Mark Demayo, ABS-CBN News/File"/><span class="fr-inner">The Bureau of Internal Revenue&#x27;s central office in Quezon City. Mark Demayo, ABS-CBN News/File</span></span></span></div><p>The Bureau of Internal Revenue vowed that it will continue to support the expanding list of medicines exempted from Value-Added Tax (VAT).</p><p>The agency recently exempted more medicines for cancer, diabetes, and mental illnesses from VAT.  BIR Commissioner Romeo Lumagui Jr. said this is to make medicines affordable. </p><div><a href="https://www.abs-cbn.com/business/2024/9/9/unregistered-online-businesses-may-be-suspended-bir-906"><strong>Unregistered online businesses may be suspended: BIR</strong></a></div><p>&quot;Ito rin ang malaking bagay sa ating mga kababayan parte na rin &#x27;yan ng programa ng ating mahal na pangulo na gusto rin niyang makatulong sa ating mga kababayan at makatulong nag kanilang kalagayan,&quot; he said. </p><p>The BIR chief added that they will continue to support exempting medicines from VAT even if it means losses from tax collection.</p><p>&quot;Kaya naman patuloy rin ang pagsuporta ng BIR kahit na ang resulta niyan ay bawas koleksyon sa amin ay pinapatupad natin, inilalabas at dinadagdagan natin ang mga VAT-exempt na mga gamot,&quot; Lumagui added </p><p>&quot;Parami nang parami yung saklaw ng VAT-exempt ng gamopt at mas mura na by, kasi wala nang VAT, 12 percent,&quot; he noted.</p><div><a href="https://www.abs-cbn.com/news/business/2024/11/22/bilyon-bilyon-nawawala-sa-gobyerno-sa-mga-pekeng-produkto-bir-2356"><strong>Bilyon-bilyon nawawala sa gobyerno sa mga pekeng produkto: BIR</strong></a></div>

<p>The Bureau of Internal Revenue vowed that it will continue to support the expanding list of medicines exempted from Value-Added Tax (VAT).</p>

The Bureau of Internal Revenue vowed that it will continue to support the expanding list of medicines exempted from Value-Added Tax (VAT).

BIR says backs more VAT-exempt medicines despite tax collection losses | ABS-CBN

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BIR says backs more VAT-exempt medicines despite tax collection losses

BIR says backs more VAT-exempt medicines despite tax collection losses

Harlene Delgado,

ABS-CBN News

Published Dec 19, 2024 05:36 PM PHT

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Bureau of Internal Revenue

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medicines

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