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VAT

Inquirer News Philippines 

Recreational club fees not subject to taxes – SC

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Credit to Author: acerojano| Date: Thu, 15 Aug 2019 14:37:52 +0000

MANILA, Philippines – The Supreme Court has ruled that membership fees, assessment dues and other fees collected by clubs organized for “pleasure, recreation and other non-profit purposes” are not subject to income and value-added taxes. In a decision by the high court’s 2nd division, it set aside the ruling of the Makati City Regional Trial […]

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Pimentel’s bill seeks VAT exemption for mental health medicines

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Credit to Author: jespinosa| Date: Wed, 13 Feb 2019 04:17:35 +0000

Senator Aquilino Pimentel III wants medicine prescribed for people with mental health conditions to be included in the list of medicines exempted from value-added tax (VAT).

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DOH pushes for VAT exempt cancer medications

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Credit to Author: mfrialde| Date: Wed, 16 Jan 2019 05:40:08 +0000

MANILA, Philippines—After the removal of the value-added tax (VAT) on medicines for diabetes, hypertension and high cholesterol, the Department of Health (DOH) said it is now working for the tax exemption of cancer medications.

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More than 100 maintenance meds now VAT-free

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Credit to Author: besguerra| Date: Mon, 14 Jan 2019 21:04:04 +0000

More than 100 medicines for diabetes, high cholesterol and hypertension have become cheaper, thanks to the exemption from the 12-percent value-added tax (VAT) these now enjoy under the Tax Reform for Acceleration and Inclusion (TRAIN) Act, the Department of Finance (DOF) said on Sunday.

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VAT-free diabetes, hypertension meds starting 2019 — DOF

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Credit to Author: mfrialde| Date: Fri, 28 Dec 2018 02:14:39 +0000

MANILA, Philippines — Starting January 1, 2019, Filipinos suffering from diabetes, high cholesterol and hypertension will be able to buy cheaper medicines due to the provision of the tax reform law.

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Imee Marcos pushes for one-year suspension of VAT

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Ilocos Norte Gov. Imee Marcos has urged for the immediate one-year suspension of the value added tax (VAT) on basic food commodities, fuel, and electricity to address the skyrocketing inflation in the country.

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