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Bacolod City, Philippines Thursday, January 3, 2019
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Diabetes, hypertension medicines
exempted from value-added tax

 

MANILA - Health Secretary Francisco Duque III yesterday called on drugstores and pharmaceutical companies to sell diabetes, high cholesterol, and hypertension medications at discounted prices.

This after the Department of Finance announced that such medicines will be exempted from value-added tax starting Jan. 1.

This is in line with the implementation of Section 109-AA of Republic Act 10693 as implemented by the DOF, Department of Health, Bureau of Internal Revenue, and Food and Drug Administration Joint Administrative Order No. 2-2018, and BIR Regulations No. 25-2018.

Duque said senior citizens would benefit greatly from this, in addition to those who have hypertension, high cholesterol, and diabetes.

“We request the drugstores to observe the law so we don't encounter problems. Otherwise, you might be sued. There is only seven percent of senior citizens out of the total population of 104 million and the rest won't be covered," he added.

With its implementation, senior citizens will have a 32-percent discount on all medicines for such diseases.

Duque said concerned agencies worked on the VAT exemption for these types of medicine first as they are the "common maintenance medications, which many Filipinos spend a lot of money on".

“But we’re also sensitive to the clamor of some groups, like the cancer patients with breast cancer, prostate cancer, etc.," he said.

As a regulatory oversight agency, Duque said the FDA will ensure that the important provisions of the law are complied with, with the help of the DOH.*PNA

 

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