More medicines for cancer, diabetes, high cholesterol now VAT-exempt

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More medicines for cancer, diabetes, high cholesterol now VAT-exempt

PILLS. Various medicines are shown in their original packaging, in Brussels, Belgium, August 9, 2019.

Yves Herman/Reuters

Here are the additional medicines exempted from value-added tax in early June 2025

MANILA, Philippines – The Food and Drug Administration (FDA) added several medicines that will no longer be subjected to value-added tax (VAT).

Five more medicines are now VAT-exempt, according to an advisory from the FDA.

Effective last Wednesday, June 4, the following medicines for cancer, diabetes, high cholesterol, hypertension, and mental illness were added to the list:

Meanwhile, cancer medicine Baricitinib has been removed from the list of VAT-exempt medicines. This means buyers of its film-coated tablets (2 mg and 4 mg) will again have to pay VAT upon purchase.

VAT-exempted medicines are provided for under the Tax Reform for Acceleration and Inclusion or TRAIN Law and the Corporate Recovery and Tax Incentives for Enterprises or CREATE Act. – Rappler.com

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