June 26, 2020
REVENUE REGULATIONS NO. 18-20
| SUBJECT | : | Regulations to Implement Section 1 of Republic Act (R.A.) No. 11467, Further Amending Section 109 (AA) of the National Internal Revenue Code (Tax Code) of 1997, as Amended by Republic Act (R.A.) No. 10963 or the "TRAIN Law," Providing for Value-Added Tax (VAT) Exemption on the Sales and Importation of Drugs and Medicines Prescribed for Diabetes, High Cholesterol, Hypertension, Cancer, Mental Illness, Tuberculosis, and Kidney Diseases |
| TO | : | All Internal Revenue Officers and Others Concerned |
SECTION 1. Scope. — Pursuant to Sections 244 and 245 of the Tax Code of 1997, as amended, these Regulations are hereby promulgated to implement the provisions of Section 1 of R.A. No. 11467, amending Section 109 (AA) of the Tax Code, as amended, and to further amend Revenue Regulations (RR) No. 16-2005, as amended by RR No. 13-2018. HTcADC
SECTION 2. Amendment. — Section 4.109-1 of RR No. 16-2005, as amended by RR No. 13-2018, is hereby further amended to read as follows:
"SEC. 4.109-1. VAT-Exempt Transactions. —
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(B) Exempt transactions. —
(1) Subject to the...
