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Uri party to submit bill on pharmacy's earned income tax system

Published: 2006-08-24 06:58:00
Updated: 2006-08-24 06:58:00
The governing Uri Party decided on August 18 to submit a bill aimed at exempting the taxation of margin-free drugs levied under the actually transacted drug reimbursement system.

The bill aims to deduct the transacted amount of margin-free drugs from pharmacy's earned income tax, as the refunded amount in 2004 was about 96 billion won.

With the introduction of the new measure, pharmacies...

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