Republic Acts1 min read
Section 1Sec./Art. 1
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Section 109 of the National Internal Revenue Code of 1997, as amended, is hereby further amended to read as follows:
"SEC. 109.Exempt Transactions.- (1) Subject to the provisions of Subsection 2 hereof, the following transactions shall be exempt from the value-added tax:
"(A) xxx"xxx
"(Z) xxx
"(AA) Sale or importation of prescription drugs and medicines for:
" (i) Diabetes, high cholesterol, and hypertension beginning January 1,2020; and
"(ii) Cancer, mental illness, tuberculosis, and kidney diseases beginning January 1,2023.
"Provided,That the DOH shall issue a list of approved drugs and' medicines for this purpose within sixty (60) days from the effectively of this Act; and
"(BB)xxx"
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