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Saturday, November 23, 2024

Ministry proposes zero VAT for Covid-19-related services, products

By: J.T., STA

The Health Ministry said on its web site it had proposed that the seventh stimulus package include a provision on remission of value added tax (VAT) for Covid-19 vaccine, tests, testing and vaccination kits, and all related medical services.

If the proposal is accepted, all vaccination points, hospitals, community health centres, concessionaires, mobile units, and all those conducting tests will be able to buy Covid-19-related substances and products without paying VAT. According to the ministry, the proposal follows an agreement adopted at the EU level.

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