Diabetes, High-Cholesterol, Hypertension Medicines Taxless Beginning 2019
MEDICINES – The Department of Finance (DOF) announced that the medicines against diabetes, high-cholesterol, and hypertension will be taxless starting year 2019.
Currently, we are down to the last days of 2018 and a new year is about to unfold. Surely, everyone is hoping that the next year will be a whole lot better and lots of improvements would cross the surface.
As early as now, two days before a new year begins, a good news for many people is already here. The DOF announced that certain remedies for health problems will come with no tax.
Based on a recent post on the Facebook account of Department of Finance, the medicines for diabetes, high-cholesterol, and hypertension will be taxless starting 2019.
According to DOF, the Value Added Tax (VAT) will not be implemented on the medicines for diabetes, high-cholesterol, and hypertension in line with the provisions of the Tax Reform for Acceleration and Inclusion (TRAIN) Law.
Among the provisions of the
The social media post of DOF caught the attention of netizens on the social media. It rapidly circulated reaching as much as 33 thousand shares on the online platform as of this writing.
The news elicited different reactions from the members of the online community. Here are some of the comments of the netizens on the post:
@Nanzki Garban Eballena: “Kudos DOF! Indeed a big help to thousands of filipinos. Mabuhay po kayo mga Sir! Maraming salamat po.”
@Sonny Platon Clemente: “I just wish they included meds for dialysis patients which is currently growing in numbers as of today. Many more lives could be saved. They would also enjoy better quality of life”
@Em Sim Re: “Wala ngang vat pero baka naman iincrease parin ung price..sana tignan din ng gobyerno ung [yung] mga private hospital na maka singil or pricing is dollar ang rate.”
@Dante Co: “Tama lang yan , huwag na pahirapan pa mga nangangailangan.. lalo na ung walang wala”
@Maria Clarrisa Clemeña Competente: “Salamat po at malaking ginhawa iyan sa me [may] mga maintenance n[a] gamot”
@Tess Rosales: “Salamat naman kasi ang daming mabenepisyohan. Ng pgbaba ng price dahil sa pag aalis ng vat”