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flag The Philippine BIR expanded VAT-exempt medicines list, adding those for cancer, diabetes, etc., following FDA endorsement.

flag The Philippine Bureau of Internal Revenue (BIR) has expanded the list of medicines exempt from value-added tax (VAT) following endorsement by the Food and Drug Administration. flag The new VAT-exempt medications are for conditions including cancer, diabetes, high cholesterol, hypertension, kidney disease, mental illness, and tuberculosis. flag The additional drugs join the 59 medications that were already exempt from the 12% tax under existing laws.

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