The Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular (RMC) No. 62-2020 indicating the entire list of medicines exempted from Value Added Tax (VAT) specifically for illnesses such as Diabetes, High-Cholesterol, and Hypertension.
Bureau of Internal Revenue
Atty. Rhondee “Ron” Dumlao, Junior Partner of CarpoLaw & Associates, talked the delegates through the Bureau of Internal Revenue (BIR) processes and general defenses of taxpayers during the Business Breakfast, hosted by the British Chamber of Commerce Philippines in partnership with InCorp Philippines.