Panayam kay FDA spokesperson Pamela Sevilla kaugnay ng dagdag na gamot na VAT-exempted

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Transcript

00:00We will add more medicines that are exempted from VAT.

00:05We have with us, Atty. Pamela Sevilla, Food and Drug Administration.

00:10Atty. Sevilla, good afternoon.

00:15Ms. Tina Corpuz and to all of our listeners, good afternoon.

00:20So, Atty., what is the reason and purpose of adding VAT exemptions to the medicines?

00:27Yes, Atty.

00:29The VAT exempt medicines that is in line with our National Internal Revenue Board,

00:36or what we call the tax code,

00:38which was amended by our TRAIN law and eventually was amended by our CREATE law

00:43or the Corporate Recovery Tax Incentives for Enterprises Act.

00:48So, with the CREATE law, the Department of Health and the Food and Drug Administration

00:55to continually update the VAT exempt medicines.

00:59These are so-called the VAT exempt transactions.

01:03But these medicines are not for everyone.

01:06We only have specific illnesses covered by the VAT exemption.

01:11So, Atty., what kind of medicines were added to the list of VAT-free medicines?

01:17With respect to the additional list given by the Food and Drug Administration through an advisory,

01:23we added five medicines to our list and that's in accordance with illnesses for diabetes,

01:34high cholesterol, mental illness, cancer, tuberculosis, and kidney illnesses.

01:42Since I cannot mention the specific brands due to privacy reasons,

01:50these brands will be checked on our website and even on our social media pages

01:56for the benefit of our countrymen.

01:59How can we avail of the medicines they are using to see that these medicines are VAT-exempt?

02:05That's a good news.

02:07These medicines are really expensive.

02:11And the other medicines you use in your lifetime are for these illnesses.

02:15Is that one of the reasons why you chose these medicines to be VAT-exempt?

02:24In order for a medicine to be VAT-exempt,

02:27the Food and Drug Administration and the Department of Health,

02:31as well as the Department of Finance, as well as our Bureau of Internal Revenue, are examining it.

02:37Because of the CREATE Act, the main goal of the company is to help enterprises or businesses

02:45to recover from the effects of the COVID-19 pandemic

02:48or any other breakout of communicable disease in the future.

02:52So our companies are helping businesses that were really affected by the pandemic.

02:59With that, those businesses or enterprises are applying to the Food and Drug Administration

03:06and we are examining if they are compliant with the Certificate of Product Registration

03:13as well as if the Department of Health approves that these medicines are valid

03:22or authorized to be VAT-exempt transactions.

03:26When is the effectiveness of this new VAT-exemption?

03:32Immediately, once our advisory is posted, it is immediately effective.

03:38So if you're using the kinds of brands that we added to the list,

03:42you may also check with the drugstores that they should also be compliant with VAT-exempt transactions

03:48before we buy it.

03:50And you will see that because before you buy the medicine, the price should be low

03:56because the effect of VAT-exemption is in favor or beneficial to our enterprises

04:02or the businesses that manufacture the medicines.

04:06So it means that if we buy it, the price will be low

04:10and if we notice that the price is still high, you can always report it to us

04:16so we can check if the VAT-exempt medicine is still on the list.

04:20Ma'am Nina, we said in the previous advisory that a medicine is VAT-exempt

04:27or a brand of medicine is VAT-exempt until now

04:31because according to the law, there is a Joint Administrative Order

04:35that was issued by the Department of Health, Food and Drug Administration,

04:38Department of Finance, and Bureau of Internal Revenue

04:41that continues to be updated.

04:44So we have a delisting that is being done.

04:47If we see that a medicine is no longer compliant to be a VAT-exempt medicine,

04:52it should be removed from the list.

04:55So if our public wants to know the updated list of VAT-exempt medicines

05:02that they use for their diseases,

05:05they can visit our Facebook page or our website

05:10in order to check the regularly updated list of VAT-exempt medicines.

05:14So now, how many VAT-free medicines are there?

05:19If I'm not mistaken, there are already around hundreds of VAT-exempt transactions.

05:28So that is regularly updated.

05:31So that doesn't mean that what we used before is still VAT-exempt.

05:36It is still important for us to check if they are still listed or delisted in our list.

05:43So we are very hopeful.

05:45We update it every quarter.

05:48We can see that the list is getting bigger and bigger.

05:51The list is not getting smaller.

05:53So if something is removed, something will be added.

05:56And our updates are still continuous every quarter.

06:00That is why we are giving this kind of advice to the public

06:03because we are getting a lot of reports

06:06why certain medicines are not listed as VAT-exempt

06:10when the losses should be VAT-exempt.

06:13So in the knowledge of each one,

06:15it should still be applied by the business or enterprise to us

06:19and with the Department of Health

06:21in order to categorize it as VAT-exempt transaction or medicine.

06:25So in your advisory, you have clarified in the list

06:29what are these medicines, whether it is branded or generic

06:33and there are maintenance medicines.

06:35Are these included?

06:38According to the law, what we put in the list should only be prescription medicines

06:44or specific medicines for people with diabetes,

06:48high cholesterol, mental illness, tuberculosis, kidney illness.

06:55That's all.

06:56What we put in the list is specific.

06:59So other than that, it is not included in the list.

07:02You can still contact us

07:04because when they checked our website,

07:07it was not updated on that time

07:09because it is only updated quarterly according to the law.

07:13So if they have questions and do not understand

07:18the VAT-exempt transactions of our medicines

07:22they can also call us or contact us

07:25to make sure that before we buy the medicine they need,

07:31the price is already low and it is VAT-exempt.

07:34Attorney, you mentioned earlier cholesterol and diabetes.

07:37There are maintenance medicines there.

07:40Are high blood medicines also included?

07:44Yes.

07:45This is considered as high cholesterol medicine.

07:50So high cholesterol is considered covered.

07:55We have already approved some.

07:57I cannot mention the brand.

08:00But you can check our website.

08:02We have already approved many

08:03and it is considered as VAT-exempt as a medicine for the majority.

08:08Okay.

08:09What can the FDA do to make sure that our countrymen have access

08:15to these VAT-exempt medicines?

08:19First of all, the list of VAT-exempt transactions or medicines

08:23is available on our website.

08:25So if you have a need for these medicines,

08:31you can check our website to make sure

08:35that before you buy a medicine,

08:37we are sure that it is VAT-exempt.

08:39It is cheaper for us to buy them

08:43and it is cheaper for our countrymen.

08:46That is the reason why we always update our list

08:49because these medicines are usually prescription medicines

08:53that have high prices.

08:55So with the CREATE Act,

08:57it is good that it is being updated

08:59and that we will distribute it to the public

09:01since this is for the use of the majority of us.

09:05So it is better if they know that this price should be lowered.

09:11Actually, Ma'am Ninia,

09:13a lot of people ask us

09:16if it is VAT-exempt,

09:18why 12% VAT is not reduced when we buy it.

09:22So this VAT-exemption is beneficial

09:26to the business or enterprise

09:28that manufactures medicines.

09:30So if we buy it,

09:32we can see the effect of it.

09:34For example, we can buy them before

09:36at a 100-peso price.

09:38Now, it is reduced.

09:40It could be at 90-peso price

09:42or 80-peso price range.

09:44So that is the effect of VAT-exemption on our medicines.

09:47And it does not mean that VAT-exempts are the ones who buy

09:50because that is usually the question that we get

09:53and usually the clarification that people ask for.

09:56So with that,

09:58we would like to also use this chance

10:01to give people the knowledge

10:03that VAT-exemption should be

10:06when we buy medicines,

10:08that the reduction of the price is good

10:10and that VAT-exemption is not a person's fault.

10:13So the receipt that you will receive,

10:15for example, from the cashier,

10:17does it still have VAT?

10:20Yes, ma'am.

10:21Yes.

10:22Okay.

10:23Thank you very much for your time,

10:25Atty. Pamela Sevilla,

10:27Speaker of the Food and Drug Administration.

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Transcript

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