House bill seeks VAT exemption for all essential medicines

A new House bill, introduced by ACT Rep. Antonio Tinio, aims to exempt all essential medicines from the 12% VAT, intending to alleviate financial stress on Filipinos and align with the government's duty to safeguard public health. This move is crucial as it addresses the rising cost of healthcare, potentially making essential medications more accessible. The proposal could have significant implications for the healthcare sector, especially in a country where many struggle to afford basic medical treatments.