REPUBLIC ACT NO. 11467
AN ACT AMENDING SECTIONS 109, 141, 142, 143, 144, 147, 152, 263, 263-A, 265, AND 288-A, AND ADDING A NEW SECTION 290-A TO REPUBLIC ACT NO. 8424, AS AMENDED, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE OF 1997, AND FOR OTHER PURPOSES
SECTION 1. 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) x x x
"xxx xxx xxx
"(Z) x x x
"(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 effectivity of this Act; and
"(BB) x x x."
SECTION 2. Title VI, Chapter III,...
