Basic Goods

MURANG BILIHIN AT SERBISYONG MEDIKAL ACT

The Murang Bilihin at Serbisyong Medikal Act aims to reduce the cost of basic goods, essential utilities, and medical services by expanding value-added tax exemptions. It proposes to amend the National Internal Revenue Code to exempt certain transactions from VAT, thereby making essential goods and services more affordable for low-income households.