00:00Good news po, 8 more medicines are exempted from the value-added tax.
00:04This is still in front of the efforts of the administration of President Ferdinand R. Marquez Jr.
00:10to be able to deliver affordable medicines to the Filipinos.
00:13According to the BIR, under the Revenue Memorandum Circular No. 25-2025,
00:20VATs are being removed from some medicines for diabetes, high cholesterol, hypertension, and mental illness.
00:28Meanwhile, the D.O.H. Food and Drug Administration is working on changes
00:34to the VAT-exempted products under the Train Law and Create Act.
