As of 2020, the Philippines had the highest value-added tax (VAT) rate on medicine among presented Southeast Asian countries, measured at 12 percent. Vietnam had the region's lowest VAT rate on pharmaceuticals at five percent.
Value-added tax (VAT) rate on pharmaceuticals in Southeast Asia in 2020, by selected country
Characteristic
VAT rate
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CPhI South East Asia. (February 17, 2022). Value-added tax (VAT) rate on pharmaceuticals in Southeast Asia in 2020, by selected country [Graph]. In Statista. Retrieved July 03, 2024, from https://www.statista.com/statistics/1291726/sea-vat-rate-on-medicine-by-country/
CPhI South East Asia. "Value-added tax (VAT) rate on pharmaceuticals in Southeast Asia in 2020, by selected country." Chart. February 17, 2022. Statista. Accessed July 03, 2024. https://www.statista.com/statistics/1291726/sea-vat-rate-on-medicine-by-country/
CPhI South East Asia. (2022). Value-added tax (VAT) rate on pharmaceuticals in Southeast Asia in 2020, by selected country. Statista. Statista Inc.. Accessed: July 03, 2024. https://www.statista.com/statistics/1291726/sea-vat-rate-on-medicine-by-country/
CPhI South East Asia. "Value-added Tax (Vat) Rate on Pharmaceuticals in Southeast Asia in 2020, by Selected Country." Statista, Statista Inc., 17 Feb 2022, https://www.statista.com/statistics/1291726/sea-vat-rate-on-medicine-by-country/
CPhI South East Asia, Value-added tax (VAT) rate on pharmaceuticals in Southeast Asia in 2020, by selected country Statista, https://www.statista.com/statistics/1291726/sea-vat-rate-on-medicine-by-country/ (last visited July 03, 2024)
Value-added tax (VAT) rate on pharmaceuticals in Southeast Asia in 2020, by selected country [Graph], CPhI South East Asia, February 17, 2022. [Online]. Available: https://www.statista.com/statistics/1291726/sea-vat-rate-on-medicine-by-country/