2:13 PM
Feb 22, 2019
 |  BC Extra  |  Politics & Policy

China releases list of rare disease drugs with reduced VAT

China’s ministry of finance revealed a list of 21 rare disease drugs and four APIs which will be eligible for a reduction in value-added tax beginning March 1.

The government will reduce the VAT on the drugs to 3% from 16%. An executive meeting of China’s State Council described the drugs...

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