A PROPOSED law that
will provide tax exemption for emergency medical
supplies, including oxygen,
was approved by the House
on third and final reading
House Bill 8895 or the
Public Health Emergency
Tax Exemption Act seeks
to exempt from any government tax the manufacture, sale, importation, and
donation of critical medical products during public
health emergencies by private firms.
exempts from taxes the procurement, sale, importation, distribution, and
administration of critical medical products during public health emergencies by
The bill also
requires the secretaries of Finance and Health to compile a list of
supplies needed for the prevention, control, and treatment of COVID-19 (coronavirus
disease 2019), which will enjoy exemptions from taxes related to
their sale, manufacture, or import.
It also permits the
Finance chief, upon the recommendation of the secretaries of
Health and Trade and Industry, to suspend the threshold on required export
sales, to allow manufacturers to sell to the domestic market.
The measure passed
the House Committee on Ways and Means on March 4. Substitute provisions were
also added by the committee on Aug. 23 after the President requested Congress
on Aug. 9 to exempt manufacturers of medical-grade oxygen from government
The revised bill was then passed by the House Aug.
25 on second reading. Business World