RMC No. 124-2021 — Publishes the full text of letter from the Food and Drug Administration endorsing updates to the List of VAT-Exempt COVID-19 Medicines under Republic Act No. 11534 Digest | Full Text | Endorsement Letter | Updated List of VAT-Exempt Products

REPUBLIC OF THE PHILIPPINES tr: iirl,ii DEPARTMENT OF FINANCE, :,,,,i'. fiii* BUREAU OF INTERNAL REVENUE [[r Novembe D Lf;{;i lt[* REVENUE MEMoRAIvDUM cIRCULAR No. 9.,05-;\ SUBJECT: Publishing the Full Text of the Letter from the Food and Drug TO : Administration (FDA) of the Department of Health (DO+{} Endorsing Updates to the List of VAT-Exempt Products tind.er Republic Act (R.A.) Nos. 10963 and 11534 All Internal Revenue Oflicers and Others Concerned For the information and guidance of all internal revenue offrcers, employees and otliers concemed, attached Annex "A" is the letter dated November 8,2021from Dr. Rolando Enrique D. Domingo, Director General of the FDA, and copy of the updates to the ..List of YA.T- Exempt Products Under R.A. No. 11534" pursuant to Section 109(IXAA) of the Tax Code of 1997, as amended by R.A. No. I 1534, and as implemented under Section 4.109-(lXBXaa) of Revenue Regulations No.4-2021. This Circular updates and supplements Revenue Memorandum Circular No. 8l-2021, which published the consolidated list of VAT-exempt products and has become the conlrolling list insof'ar as the VAT exemption of items under Section 109(IXAA) and 109(IXBB) ol'the Tax Code of 1997, as amended, is concerned. This circular shall take effect immediately. All concerned are hereby enjoined to be guided accordingly and give this Circular as wide a publicity as possible. & CAESAR R. DULAY V Commissioner of Internal Revenue 047825 5: to / RNALRE un-J -!#ffiil"] \L