Withholding tax on pharmacy incomes unreasonable.

President Kwon Tae-jeong of Seoul Pharmaceutical Association (SPA) attended to the "Open Taxation Promotion Council" sponsored by Seoul District Tax Service (Head: Yoon Jong-hoon) on May 19 and requested to resolve problems of the withholding tax on the pharmacy income.

Mr. Kwon said "A withholding tax shall be imposed to a service or product sale with certain income margins but the tax on d...