With effect from October 1, 2020 the supply of over the counter drugs, vitamins, minerals and tonics will no longer attract Value Added Tax (VAT).
This measure is in accordance with amendment to Schedule 1 of the Value Added Tax Act:
“(iii) by the insertion, immediately after subparagraph (b)(vi), as so amended, of the following clauses-
(vii) a supply of over the counter drugs;
(viii) a supply of vitamins, minerals and tonics for medical or health supplement use excluding items such as energy drinks and food supplements classified under Chapter 21 of the Common External Tariff.
(c) by the insertion, immediately after paragraph 6(e), of the following paragraph –
6A. Zero rated for the purposes of section 17 are a supply of medical, dental, hospital, optical or paramedical services, to the extent provided in the regulations and medical supplies other than veterinary services.”