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NewsTranscript
00:00Good news for those who are doing maintenance there.
00:0316 more medicines were removed by VAT or Value Added Tax.
00:08In the memorandum of the Bureau of Internal Revenue,
00:10VAT is now exempted for some medicines for cancer and mental illness.
00:15VAT is now free for the different forms and dosages of some medicines for diabetes.
00:20This means that those medicines are now cheaper
00:23because the 12% Value Added Tax is no longer applicable.
00:30For more information, visit www.fema.gov