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Proprietors of pharmacy to benefit from tax benefit
Published: 2007-01-19 06:58:00
Updated: 2007-01-19 06:58:00
Proprietors of pharmacy will receive a tax deduction from this July as pharmacy's income tax is to cover dispensing fees, other than the cost of medication.
Under the current taxation system, pharmacies are obligated to pay 3.3 percent of their profits in pharmacy income tax, since taxes are collectively levied on all payments from the National Health Insurance Corporation.
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