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VAT exemption for flu vaccine A to be abolished
Published: 2010-12-29 06:57:00
Updated: 2010-12-29 06:57:00
The government plans to withdraw VAT (value added tax) benefit for influenza A (H1N1) vaccine and antiviral drugs next year to starve off looming budget shortfalls.
Tax breaks on these drugs were awarded last year to secure 20 percent of antiviral drugs and 27 percent of flu vaccines.
Instead, the government will expand the VAT exemptions to nine medicines to treat Gaucher disease, adreno...
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