Korea's National Tax Service Adds Momentum To Government Drive Against Rebates; 18 Pharmas Taxed, MNCs Also?
This article was originally published in PharmAsia News
Executive Summary
SEOUL - South Korea's tax authority is finally coming forward with an action that appears to add momentum to the government's drive against rebates
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South Korea's Health Ministry Unveils Provisions For November's Anti-rebate Law
SEOUL - South Korea's Ministry of Health and Welfare outlined detailed provisions to implement a new "anti-rebate law," which will enable courts to punish both contributors and receivers of rebates. Passed overwhelmingly by South Korea's National Assembly on April 28, the law goes into effect Nov. 28, and will be enforced by the ministry.Under the new regulations, pharmas will be able to offer "sample" drugs as long as they are offered the "minimum packing unit," said the ministry, adding that they will also be able to offer minimal amounts of drugs and research fees to those conducting clinical trials
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