Villar: Abolish VAT on medicines By Angie M. Rosales 03/21/2012

Villar: Abolish VAT on medicines

By Angie M. Rosales 03/21/2012

Lawmakers reviewing the implementation of the Cheaper Medicines Act are now eyeing the repeal of the imposition of 12 percent value-added tax (VAT) on drugs as this is seen as one of the reasons for the “ineffectiveness” of the law.

“I proposed the abolition of VAT on medicines. I don’t understand why VAT is imposed on them,” Villar said, following the convening of the Joint Congressional Quality Affordable Medicine Oversight Committee (Qamoc)..... MORE

Source:  The Daily Tribune

URL: http://www.tribuneonline.org/nation/20120321nat3.html