The Value-Added Tax Should Be Having Its Moment. A national consumption levy could address what fiscally ails the US and finally be politically palatable. May 7, 2025 at 6:00 AM EDT.

At the heart of the new policy is a "refund-upon-purchase" model, which allows foreign tourists to claim value-added tax ...

MORE medicines for cancer, diabetes, high cholesterol, hypertension, tuberculosis and mental diseases have been exempted from 12-percent value-added tax (VAT) by the Bureau of Internal Revenue (BIR).

The Food and Drug Administration  has added 10 products to the list of essential medicines exempted from value-added tax  as mandated by law.