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REVENUE MEMORANDUM CIRCULAR NO. 123-2021 issued on December 14, 2021 publishes the full text of letter from Undersecretary Charade B. Mercado-Grande of the Department of Health endorsing updates to the “List of VAT-Exempt Drugs and Vaccines Prescribed and Directly Used for COVID-19 Treatment” under Republic Act No. 11534 (CREATE Act).
                  In the letter, it is clarified that if the salt form of the medicines under the COVID-19 VAT Exempt List is not specified, it signifies that all the salt forms of the particular drug is covered by the VAT exemption.